Dividend

Donald Bordelon on

Our club received a dividend on 1/29/09 that went
ex-dividend on 12/29/08. Bivio does not list this dividend
as income for 2008 but our brokerage statement does show it
as dividend income for 2008. Also the brokerage statement
shows the dividends from this company as Non-Qualified but
they show up on the Bivio tax forms as Qualified dividends.
We enter it in Bivio and have it calculate the ex-dividend
date. Is there something else we should be doing for it to
mark it as non-qualified dividends? Thanks for your help.

Brian

iras1 on

Without knowing who paid the dividend, you can't get a useful answer. First, the ex-dividend date does not control the tax year. But, if the dividend came from a REIT, mutual fund, or certain other non-common stock investments, a dividend received in January may be taxable in the prior tax year. Again, receiving a dividend from an entity other than a standard corporation may alter the degree to which the distribution is a qualifying dividend.

So, fill in the details and we'll try to help.

Ira Smilovitz

In a message dated 02/12/09 10:05:50 Eastern Standard Time, donald@bivio.com writes:

Our club received a dividend on 1/29/09 that went
ex-dividend on 12/29/08. Bivio does not list this dividend
as income for 2008 but our brokerage statement does show it
as dividend income for 2008. Also the brokerage statement
shows the dividends from this company as Non-Qualified but
they show up on the Bivio tax forms as Qualified dividends.
We enter it in Bivio and have it calculate the ex-dividend
date. Is there something else we should be doing for it to
mark it as non-qualified dividends? Thanks for your help.

Brian

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