I noticed many of our automatically generates dividend
transactions do not have exdividend dates on them and they
should up as dividend rather than as a qualified dividend.
If I go into the transactions and tell it to look up the
exdividend date, then the dividend becomes qualified.

Is this a step expected of us rather than done
automatically? If I don't do this, won't we end up with a
bunch of non-qualified dividends at the end of the year and
the associated tax implications?

Thanks,
Jeff

Jeffrey L Williams wrote:
> Is this a step expected of us rather than done
> automatically? If I don't do this, won't we end up with a
> bunch of non-qualified dividends at the end of the year and
> the associated tax implications?
 
When you take the Partnership Tax Interview at the end of the year,
all of the club's dividends will be automatically audited and will be
given the qualified status if appropriate. Until then, you don't need
to worry about it.
 
Paul Moeller
bivio, Inc.

Thanks, Paul.

Jeff

Paul Moeller wrote:
> Jeffrey L Williams wrote:
> > Is this a step expected of us rather than done
> > automatically? If I don't do this, won't we end up with a
> > bunch of non-qualified dividends at the end of the year and
> > the associated tax implications?
>
> When you take the Partnership Tax Interview at the end of the year,
> all of the club's dividends will be automatically audited and will be
> given the qualified status if appropriate. Until then, you don't need
> to worry about it.
>
> Paul Moeller
> bivio, Inc.

Thanks, Paul.

Jeff

Paul Moeller wrote:
> Jeffrey L Williams wrote:
> > Is this a step expected of us rather than done
> > automatically? If I don't do this, won't we end up with a
> > bunch of non-qualified dividends at the end of the year and
> > the associated tax implications?
>
> When you take the Partnership Tax Interview at the end of the year,
> all of the club's dividends will be automatically audited and will be
> given the qualified status if appropriate. Until then, you don't need
> to worry about it.
>
> Paul Moeller
> bivio, Inc.