I received dividends in my India brokerage account. While entering them in US tax return, should I classify that as qualified dividend or ordinary dividend?
041352
4 Replies
fanfare
Level 15
Jun 4, 2019 12:50:26 PM
use the same holding period rule that you would use in a US based brokerage account.
IsabellaG
Expert Alumni
Jun 4, 2019 12:50:27 PM
See the answer below from TurboTax GeoffreyG. Pages 66 and 67 of IRS
Publication 17 addresses this question, along with a Table 8-1 showing the countries that have treaties with the US for qualified foreign corporations (India is one of them).