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ESOP Dividend Rollover Eligibility

 

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Subject Author Date
ESOP Dividend Rollover Eligibility Skeptic 02-25-2007
Posted by Skeptic on February 25, 2007, 4:41 am
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My company formed a leveraged ESOP many years ago. Last year
they paid a large special dividend in addition to the
quarterly dividends. I have always assumed these dividends
were taxable. Since no taxes were withheld this had a huge
impact on my 2006 taxes. My 1099-B shows these as
non-qualified dividends. Could I have done an IRA rollover
for the dividends? I have with drawn shares when allowed
using an IRA rollover.

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