Fractional Share

Fractional Share means:
less than one share; any cash received f r fractional shares of a stock dividend is treated as an amount realized on the sale of the fractional shares. The capital gain or loss is the difference between the cash received and the taxpayer's basis in the fractional shares sold.

See also Capital Gain in the American Legal Encyclopedia and Capital Gain in the World Legal Encyclopedia.

See Dividend in the American Legal Encyclopedia and Dividend in the World Legal Encyclopedia.