I received a 1099 consolidated for my automated investing account. It says I have both ordinary and qualified dividends but right below that it says:
For dividends classified as "qualified dividends," the classification is made only from the issuer perspective without accounting for your holding period. Under IRS rules, classification as a qualified
dividend for a taxpayer also depends on the taxpayer's holding period in the relevant stock, and a taxpayer is responsible for confirming such qualification based on the taxpayer's actual holding period.
Only issue is I deposit cash into this account every month and it invests that money every month so tracking down every purchase against the dividends would be quite the task. I only made $10 in dividends all together so can I just claim them all as ordinary dividends to avoid the hassle?