Hi Julie
just a follow up: my total dividends are 9,000 and my qualified dividends of those total are about 4,500
I have a capital loss that exceeds 10,000.
in my case, it would make sense to elect my full 4,500 in qualified dividends as 'investment income" because it would simply be offset against my capital losses, correct? Given that i can only use 3,000 in capital losses per year anyway? so right now i'm already receiving 3,000 in deductions for capital losses. If i elect the 4,500 of qualified dividends as investment income, it'll take it out of my taxable adjusted gross income, and offset it against the excessive capital losses, right? So my net capital loss 2022 remains -3000
do i have this correct? As opposed to getting taxed on my qualified dividends at whatever rate. (to be clear, i have no other annual income besides dividends and capital losses/gains)
