How would I know if some section 199a dividends did not meet the required holding period? I would expect fidelity to know that and report it in the 199a box

Qualified dividends are reported in box 1b of your 1099-DIV. Ordinary dividends are reported in box 1a. All dividends are ordinary, not all dividends are qualified. Furthermore, not all dividends are Section 199A dividends which may qualify for the QBI deduction. Qualified dividends are taxed at favorable rates in comparison to ordinary dividends. The holding period determines which tax treatment is received. If the REIT dividends are reported in box 5 & box 1b, they met the required holding period for the favorable tax rates.

 

Tax Tips for Real Estate Investment Trusts

 

How do I know if Some qualified dividends or section 199A dividends are from securities that didn't meet the required holding period.

 

@kmv1