When we receive dividends, how do I know if they are
Qualified Dividends or just Dividends.  Also, a company paid
us a dividend that is tax exempt according to our broker of
more shares of stock rather than money.  How do I record
this in Bivio?

If you receive shares of stock as a tax-exempt dividend (such as a 5% stock dividend), you should enter them as a split of 105:100 or 1.05:1. Make sure you account for all the fractional shares you should receive. You may find that the fractional shares are sold and a "cash-in-lieu" entry will appear on your brokerage statement. If so, you can enter the cash-in-lieu on the split transaction entry screen or as a separate sale.

 

Of course, if these shares are obtained through dividend reinvestment, then they probably are not tax-free and the transaction should be entered as a dividend reinvestment transaction.

 

Ira Smilovitz