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Subject Author Date
1099-DIV Vic Dura 04-04-2008
|--> Re: 1099-DIV Ernie Klein04-04-2008
|--> Re: 1099-DIV Rich Carreiro04-04-2008
`--> Re: 1099-DIV Bob Sandler04-04-2008
Posted by Vic Dura on April 4, 2008, 3:05 pm
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 I need a reality check. If I receive a 1099-DIV with

1a Total Ordinary Dividends ..... $200.00
1b Qualified Dividends .............. $100.00

does that mean that the total dividends I received during the year of
whatever type is $200 or $300?

Thanks for helping me clear my thinking.
--
At first they laugh at you, then they ignore you, then they fight you, then you
win.

--
<< ------------------------------------------------------- >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
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<< are at www.asktax.org. >>
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Posted by Elle on April 4, 2008, 4:07 pm
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>I need a reality check. If I receive a 1099-DIV with
>
> 1a Total Ordinary Dividends ..... $200.00
> 1b Qualified Dividends .............. $100.00
>
> does that mean that the total dividends I received during
> the year of
> whatever type is $200 or $300?

Your total dividends were $200.

Ordinary Dividends consist of (1) Qualified Dividends and
(2) Non-Qualified Dividends. So Qualified Dividends will
always be less than or equal to Ordinary Dividends.

I think the "ordinary" descriptor harkens back to the notion
that dividends all used to be taxed at "ordinary income"
rates. Since changes to the tax law c. 2003, some dividends
have since fallen into a new, "special" subcategory, called
"qualified dividends," such that the qualified dividends
will be taxed at capital gain tax rates.

--
<< ------------------------------------------------------- >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2007) - All rights reserved. >>
<< ------------------------------------------------------- >>

Posted by Vic Dura on April 4, 2008, 5:44 pm
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wrote Re Re: 1099-DIV:

>>I need a reality check. If I receive a 1099-DIV with
>>
>> 1a Total Ordinary Dividends ..... $200.00
>> 1b Qualified Dividends .............. $100.00

Thanks to all who replied.

I was trying to reconcile my 1099-DIV with my record of dividends
received and suddenly realized that I didn't understand if the Line 1b
amount was included in Line 1a.

Thanks clearing that up for me.

Vic
--
At first they laugh at you, then they ignore you, then they fight you, then you
win.

--
<< ------------------------------------------------------- >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2007) - All rights reserved. >>
<< ------------------------------------------------------- >>

Posted by ed on April 4, 2008, 7:33 pm
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> wrote Re Re: 1099-DIV:
>
> >>I need a reality check. If I receive a 1099-DIV with
>
> >> 1a  Total Ordinary Dividends ..... $200.00
> >> 1b  Qualified Dividends .............. $100.00
>
> Thanks to all who replied.
>
> I was trying to reconcile my 1099-DIV with my record of dividends
> received and suddenly realized that I didn't understand if the Line 1b
> amount was included in Line 1a.
>
> Thanks clearing that up for me.
>
> Vic
> --
> At first they laugh at you, then they ignore you, then they fight you, then
you win.
>
> --
> << ------------------------------------------------------- >>
> << The foregoing was not intended or written to be used,   >>
> << nor can it used, for the purpose of avoiding penalties  >>
> << that may be imposed upon the taxpayer.                  >>
> <<                                                         >>
> <<   The Charter and the Guidelines for submitting posts   >>
> <<  to this newsgroup as well as our anti-spamming policy  >>
> <<                  are atwww.asktax.org.                 >>
> <<         Copyright (2007) - All rights reserved.         >>
> << ------------------------------------------------------- >>

And then there's TDAmeritrade who reports Ordinary Dividends,
Qualified Dividends and thenyou must add them together for a total of
all Dividends. Duh.

ed

--
<< ------------------------------------------------------- >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2007) - All rights reserved. >>
<< ------------------------------------------------------- >>

Posted by Barry Margolin on April 4, 2008, 9:52 pm
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In article

> And then there's TDAmeritrade who reports Ordinary Dividends,
> Qualified Dividends and thenyou must add them together for a total of
> all Dividends. Duh.

Really? Are brokers allowed to deviate from the standard content of
1099-DIV?

--
Barry Margolin, barmar@alum.mit.edu
Arlington, MA
*** PLEASE don't copy me on replies, I'll read them in the group ***

--
<< ------------------------------------------------------- >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2007) - All rights reserved. >>
<< ------------------------------------------------------- >>

Similar ThreadsPosted
Additional ETF Dividend dated 1/31/2007 in a corrected 1099DIV? February 21, 2007, 6:28 pm

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