As part of a partnership full withdrawal from an investment club, some shares of a specific stock were transferred from the club to my personal brokerage account on November 6, 2019. The ex-dividend date for this stock was 12/13/2019, and a dividend was paid on 12/30/2019. I still own the stock shares as of 3/5/2020.
A) Brokerage statement classifies it as qualified, but would it be correct that this is not a qualified dividend because I did not hold it in my personal brokerage account for 60 days prior to the ex-dividend date? Or since I was a partner in the club and this stock is part of the buyout of my partnership stake, does the holding period applicable to the club apply to the transferred shares in my brokerage account?
B) General question about dividend holding periods - for late-in-the-year ex-dividend dates, does the 121-day requirement extend into the next tax year? In other words, if someone bought a stock and met the 60 days prior to the ex-dividend date requirement, but there were not enough days left in 2019 to meet the 121-day requirement, would that dividend de facto be not qualified for the 2019 tax year? Or, for the purposes of the 2019 tax filing, does the holding period extend into 2020 if you don't sell the stock before the end of the total of 121 days?
IRS pub. 550 did not address this. Thank you in advance.
