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Get your taxes done using TurboTax
Yes, you can report this using the 1099-DIV.
- IRS Instructions 1042s (page 37)
Qualified Dividends: Qualified dividends are a special type of dividend that often receive preferential tax treatment. They're taxed as long-term capital gains (the rates are 0%, 15%, and 20%). In order to be considered qualified dividends, they must: Be paid by an American company or a qualifying foreign company. Check with your company to see if your dividends are qualifying dividends.
- Holding period: Dividends are separated into two classes by the IRS, ordinary and qualified. A dividend is considered to be qualified if you have held a stock for more than 60 days in the 121-day period that began 60 days before the ex-dividend date.2 It is an ordinary dividend if you hold it for less than that amount of time.
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March 16, 2024
1:43 PM