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Subject Author Date
Ordinary and Qualified Dividends? Zigball 04-04-2008
Posted by Han on April 4, 2008, 7:45 am
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 01D2AA.06270604042008@newsgroups.comcast.net:

> http://taxes.about.com/od/taxglossary/g/dividends.htm
>
Which shows that English, even though a grammatically and struccturally
simple language, has fallen victim to "interpretation" by lawyers and
legislators.

--
Best regards
Han
email address is invalid

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Posted by DF2 on April 4, 2008, 7:45 am
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 In misc.taxes.moderated, Zigball wrote:

>Can someone please explain to me what are Ordinary and Qualified
>Dividends? I think that the qualified dividends are the ones that are
>taxed on a 1040 tax return, if this is correct please elaborate and
>explain why the ordinary is not taxed? If I am in error which is an
>99.9% chance please elaborate on Ordinary and Qualified Dividends?
>
>Thank you in advance, truly appreciated.

Qualified dividends are taxed at a lower rate. Form 1099-DIV line 1a
is the total ordinary dividends, and line 1b shows which of those
dollars were "qualified".

--
<< ------------------------------------------------------- >>
<< 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 Zigball on April 4, 2008, 1:30 pm
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> In misc.taxes.moderated, Zigball wrote:
> >Can someone please explain to me what are Ordinary and Qualified
> >Dividends?  I think that the qualified dividends are the ones that are
> >taxed on a 1040 tax return, if this is correct please elaborate and
> >explain why the ordinary is not taxed?  If I am in error which is an
> >99.9% chance please elaborate on Ordinary and Qualified Dividends?
>
> >Thank you in advance, truly appreciated.
>
> Qualified dividends are taxed at a lower rate. Form 1099-DIV line 1a
> is the total ordinary dividends, and line 1b shows which of those
> dollars were "qualified".
>
> --
> << ------------------------------------------------------- >>
> << 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.         >>
> << ------------------------------------------------------- >>

I am not sure if this was explained already, but how do you determine
what dollar amount is qualified to be taxed at a lower tax rate?
(unrelated to previous question) Long term and short term I assume
long term is more than a yr. and short term is less than a yr. when
talking about dividends, is this correct?

Thanks for the response and help, thanks to all!

========================================= MODERATOR'S COMMENT:
Please delete all unnecessary material from the prior message when
responding.

--
<< ------------------------------------------------------- >>
<< 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 DF2 on April 4, 2008, 4:08 pm
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In misc.taxes.moderated, Zigball wrote:

>> In misc.taxes.moderated, Zigball wrote:
>> >Can someone please explain to me what are Ordinary and Qualified
>> >Dividends?  I think that the qualified dividends are the ones that are
>> >taxed on a 1040 tax return, if this is correct please elaborate and
>> >explain why the ordinary is not taxed?  If I am in error which is an
>> >99.9% chance please elaborate on Ordinary and Qualified Dividends?
>>
>> >Thank you in advance, truly appreciated.
>>
>> Qualified dividends are taxed at a lower rate. Form 1099-DIV line 1a
>> is the total ordinary dividends, and line 1b shows which of those
>> dollars were "qualified".
>>

>I am not sure if this was explained already, but how do you determine
>what dollar amount is qualified to be taxed at a lower tax rate?

Which part did you not understand?

>(unrelated to previous question) Long term and short term I assume
>long term is more than a yr. and short term is less than a yr. when
>talking about dividends, is this correct?

No. Read more.

>
>Thanks for the response and help, thanks to all!

--
<< ------------------------------------------------------- >>
<< 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 Ernie Klein on April 4, 2008, 4:26 pm
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In article

> > In misc.taxes.moderated, Zigball wrote:
> > >Can someone please explain to me what are Ordinary and Qualified
> > >Dividends?  I think that the qualified dividends are the ones that are
> > >taxed on a 1040 tax return, if this is correct please elaborate and
> > >explain why the ordinary is not taxed?  If I am in error which is an
> > >99.9% chance please elaborate on Ordinary and Qualified Dividends?
> >
> > >Thank you in advance, truly appreciated.
> >
> > Qualified dividends are taxed at a lower rate. Form 1099-DIV line 1a
> > is the total ordinary dividends, and line 1b shows which of those
> > dollars were "qualified".

> I am not sure if this was explained already, but how do you determine
> what dollar amount is qualified to be taxed at a lower tax rate?

Did you not read the last sentence just before this question?

"and line 1b shows which of those dollars were "qualified"."

--
-Ernie-

--
<< ------------------------------------------------------- >>
<< 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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