BP ADR Qualified or Unqualified Dividend?

[brucelbryant]

I've had BP ADR stock for a number of years, and in the past years it has been a Qualified Dividend.  I noticed this year that Fidelity has it identified as an Unqualified Dividend, but this is an estimate for taxes and not the final 1099. I am curious if the classification for BP (foreign company) has changed and it is no longer considered aa qualified company. I have a message to Fidelity, but no response thus far. Thanks

[Anonymous_ · Accepted solution]

See https://www.irs.gov/publications/p550#en_US_2021_publink100010075

It is listed on a "national securities exchange that is registered under section 6 of the Securities Exchange Act of 1934 or on the Nasdaq Stock Market" so it is most likely a qualified dividend.