When stock is sold after the date of declaration but before the record date, the buyer must recognize as income the dividend declared.

Name: When stock is sold after the date of declaration but before the record date, the buyer must recognize as income the dividend declared.
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The buyer of the stock is entitled to the dividend if they purchase the stock before the ex-dividend date, which is typically set one business day before the record date.

When Stock Is Sold After the Date of Declaration but Before