Dividends from a mutual fund doesn't specify whether or not qualifying. Report is online and no box is shown to specify type of dividend.

[lmalkin]

Vanguard 500 Index Fund

[murran · Accepted solution]

The dividends paid by virtually all manufacturing and service companies are qualified. Qualified means that the tax rate you pay is taxed as a long term capital gain as opposed to unqualified div paid generally by institutions that have not paid corporate taxes.  A mutual fun invested in US corporations would be qualified.  I'm trying to simplifying a bit.   What is the mutual fund?

[lmalkin]

Vanguard 500 Index Fund

[murran]

It is qualifying, so TT should allow a 50% deduction, does it?