Dividends, Ordinary and Qualified

[@thedalillama]

Ridiculously overly complex Tax Code.

[@PremiumTrackerSilverStacker]

So so so so stupid.

[@wynsgale]

Amen!

[@apollocobain8363]

Good overview

[@TheTaxGeek]

Thanks!

[@neddiego2570]

So if you have million dollars portfolio in dividend stocks & you are in lowest tax bracket you don't need to pay tax on qualified dividends?

[@TheTaxGeek]

Theoretically, yes.

[@Sharpshooter649]

The holding period requirement to make a qualified dividend is unnecessary: the Form 1099 given to you by your brokerage at will classify all your dividends as Qualfied at the end of the year, whether you held for 61+days or not

[@TheTaxGeek]

No, they won't. I've seen hundreds of brokerage statements and 1099-DIVs where the ordinary dividends and the qualified dividends do not match.

[@bambi06292003]

What happened if thethe qualified and ordinary dividends do not match

[@mouaderca]

Nice Job

[@Sharpshooter649]

Can a special divided Be qualified?

[@TheTaxGeek]

Yes, it can be.It depends on how long you've held the stock.

[@Sharpshooter649]

@@TheTaxGeek Awesome! I’m going to buy Costco and hold it for 60 days so I the special $15.00 dividend becomes QUALIFIED ! 🚀🚀🚀

[@jacquelinesmith3450]

Kool, this was helpful. 🙏

[@TheTaxGeek]

Thank you--glad to hear that!

[@angelafliehman1102]

❤❤