Good Morning Everyone,

We get a lot of questions as clubs do their taxes about Qualified dividend amounts.

Just a reminder that one of the requirements for a dividend to be considered qualified is that you hold the stock that pays it for more than 60 days in a period that begins 60 days before the ex-dividend date and ends 60 days after it.

bivio runs the holding period check when you take the tax interview but brokers are not required to. They only have to tell you whether or not the dividend was paid by a "Qualifying" company.

If you haven't owned a stock long enough to meet the requirements, there is a valid reason for your tax returns to differ from your 1099. No matter what the broker reports, you still have the ultimate responsibility to report your taxes correctly.

Laurie Frederiksen
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