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Posted by Vic Dura on May 24, 2008, 10:31 am
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Hello all,
I've noticed that some end-of-year dividend tax reports show
"Qualified" and "Total" dividends. Other reports from different
sources show "Qualified" and "Ordinary" dividends. I assume that
Total = Qualified + Ordinary
is that correct?
Thanks
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Posted by Bill Brown on May 24, 2008, 11:44 am
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> Hello all,
>
> I've noticed that some end-of-year dividend tax reports show
> "Qualified" and "Total" dividends. Other reports from different
> sources show "Qualified" and "Ordinary" dividends. I assume that
>
> Total = Qualified + Ordinary
>
> is that correct?
>
I believe not. I believe Total = Ordinary.
--
<< ------------------------------------------------------- >>
<< 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. >>
<< ------------------------------------------------------- >>
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Posted by Phil Marti on May 24, 2008, 12:36 pm
Please log in for more thread options "Vic Dura" wrote:
> I've noticed that some end-of-year dividend tax reports show
> "Qualified" and "Total" dividends. Other reports from different
> sources show "Qualified" and "Ordinary" dividends. I assume that
>
> Total = Qualified + Ordinary
>
> is that correct?
No. Qualified dividends are a subset of ordinary dividends.
--
Phil Marti
Clarksburg, MD
--
<< ------------------------------------------------------- >>
<< 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. >>
<< ------------------------------------------------------- >>
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Posted by Arthur Kamlet on May 24, 2008, 5:49 pm
Please log in for more thread options >"Vic Dura" wrote:
>
>> I've noticed that some end-of-year dividend tax reports show
>> "Qualified" and "Total" dividends. Other reports from different
>> sources show "Qualified" and "Ordinary" dividends. I assume that
>>
>> Total = Qualified + Ordinary
>>
>> is that correct?
>
>No. Qualified dividends are a subset of ordinary dividends.
Correct.
Where did you find the term "total dividends?"
It is a very misleading term, and if a payer used it, they should
be strung up, along with those fund managers who report the
short-term capital gains paid by the fund :-(
Qualified dividends are those dividends which tentatively qualify
for a lower tax rate than non-qualified dividends.
So qualified dividends can be zero, or as much as ordinary dividends,
or anywhere in-between.
--
ArtKamlet at a o l dot c o m Columbus OH K2PZH
--
<< ------------------------------------------------------- >>
<< 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. >>
<< ------------------------------------------------------- >>
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Posted by Vic Dura on May 24, 2008, 9:04 pm
Please log in for more thread options On Sat, 24 May 2008 17:49:07 EDT, kamlet@panix.com (Arthur Kamlet)
wrote Re Re: Ordinary, Qualified, Total:
>>"Vic Dura" wrote:
>>
>>> I've noticed that some end-of-year dividend tax reports show
>>> "Qualified" and "Total" dividends. Other reports from different
>>> sources show "Qualified" and "Ordinary" dividends. I assume that
>>>
>>> Total = Qualified + Ordinary
>>>
>>> is that correct?
>>
>>No. Qualified dividends are a subset of ordinary dividends.
>
>
>Correct.
>
>Where did you find the term "total dividends?"
It's from my mother in laws trust as follows:
Grantor Tax Information Letter
Income:
Dividend Income:
Qualified ....
Total for year .....
>It is a very misleading term, and if a payer used it, they should
>be strung up,
It is indeed a confusing document to read.
Thanks for the comments Art, and thanks also to Bill Brown and Phil
Marti for their comments.
--
<< ------------------------------------------------------- >>
<< 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. >>
<< ------------------------------------------------------- >>
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