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Qualified dividends and most investment sale income is taxed at capital gain tax rates, that may be less than your ordinary tax rates that would apply to income reported on a form 1099-MISC.
Yes, but how do I correct this situation: Apparently my broker loaned out some of my stock to a short seller. I received payment of a dividend paid while on loan as a substitute payment reported in box 8 of a 1099-misc. How do I get this payment changed from ordinary income to qualified dividend?
You can ask the brokerage to send a corrected 1099-DIV.
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