How do I report Vanguard 1099-DIV if earned less than $10?

[Anonymous]

Looking at my end of year statement from Vanguard I made $3.99 in dividends. How do I know if this is qualified or not as I won't be getting a 1099-DIV?

[Coleen3 · Accepted solution]

To qualify for the qualified dividend rate, the payee must own the stock for a long enough time, generally 60 days for common stock and 90 days for preferred stock.You can call your financial institution or just enter them as ordinary. On $4 the difference in tax between ordinary and qualified dividends is pennies.

[Anonymous]

Cool! Thanks! Just wanted to make sure entering as ordinary is acceptable. 🙂