Is the dividend for VFINX considered "Qualified"? It was my
belief that it is not a qualified dividend. On our
Consolidated 1099 TDA includes the VFINX dividend as
"qualified". What's the scoop?
Bob Hooper
New Pueblo Investment Club
Tucson, AZ
iras1 on
It may be qualified. It depends on whether the fund owned the underlying shares long enough for the dividends it received to be qualifying and whether you owned VFINX long enough for the dividends it paid to you to be qualifying. It's theoretically possible for anywhere from 0% to 100% of the dividend to be qualifying.
In a message dated 02/10/10 19:17:42 Eastern Standard Time, amigos4@bivio.com writes:
Is the dividend for VFINX considered "Qualified"? It was my belief that it is not a qualified dividend. On our Consolidated 1099 TDA includes the VFINX dividend as "qualified". What's the scoop?
Bob & Candi Hooper on
Thanks, Ira!
As far as Uncle Sam is concerned, may we safely assume that TDA
knows the qualifying percentage? I know for a fact that we have owned
VFINX for the required length of time. If we go with the
TDA statement, all I will need to do is change the dividend status in bivio
to "qualified" to reconcile the accounts...correct?
It may be qualified. It depends on whether the
fund owned the underlying shares long enough for the dividends it received to
be qualifying and whether you owned VFINX long enough for the dividends it
paid to you to be qualifying. It's theoretically possible for anywhere from 0%
to 100% of the dividend to be qualifying.
In a message dated 02/10/10 19:17:42 Eastern Standard Time,
amigos4@bivio.com writes:
Is the dividend for VFINX considered "Qualified"? It was my
belief that it is not a qualified dividend. On our
Consolidated 1099 TDA includes the VFINX dividend as "qualified".
What's the scoop?
iras1 on
Correct. TDA will know the correct percentage, but they may not know it now. Mutual fund/ETF distributions are subject to correction as the mutual fund/ETFs review their records. For now, you can do as you suggest, changing the dividend status to qualifying in bivio.
In a message dated 02/10/10 20:29:24 Eastern Standard Time, amigos4@comcast.net writes:
Thanks, Ira!
As far as Uncle Sam is concerned, may we safely assume that TDA knows the qualifying percentage? I know for a fact that we have owned VFINX for the required length of time. If we go with the TDA statement, all I will need to do is change the dividend status in bivio to "qualified" to reconcile the accounts...correct?
Laurie Frederiksen on
Bob,
The Vanguard site confirms that VFINX dividends are 100%
paid by Qualifying Companies.
Therefore you can identify it as 100% Qualified when you take
the tax interview.
Laurie Frederiksen
From: club_cafe@bivio.com
[mailto:club_cafe@bivio.com] On Behalf Of Bob & Candi Hooper Sent: Wednesday, February 10, 2010 8:29 PM To: The Club Cafe Subject: Re: club_cafe: VFINX
Thanks, Ira!
As far as Uncle Sam is concerned, may we
safely assume that TDA knows the qualifying percentage? I know for a
fact that we have owned VFINX for the required length of time. If we
go with the TDA statement, all I will need to do is change the dividend
status in bivio to "qualified" to reconcile the accounts...correct?
It
may be qualified. It depends on whether the fund owned the underlying shares
long enough for the dividends it received to be qualifying and whether you
owned VFINX long enough for the dividends it paid to you to be qualifying. It's
theoretically possible for anywhere from 0% to 100% of the dividend to be
qualifying.
In a message dated 02/10/10 19:17:42 Eastern Standard Time,
amigos4@bivio.com writes:
Is the dividend for VFINX considered "Qualified"?
It was my
belief that it is not a qualified dividend. On our
Consolidated 1099 TDA includes the VFINX dividend as
"qualified". What's the scoop?
Bob & Candi Hooper on
Thanks, Laurie! Do you happen to have that URL handy? I'd like
to learn more!
The
Vanguard site confirms that VFINX dividends are 100% paid by Qualifying
Companies.
Therefore
you can identify it as 100% Qualified when you take the tax
interview.
Laurie
Frederiksen
From:club_cafe@bivio.com
[mailto:club_cafe@bivio.com] On Behalf Of Bob & Candi
Hooper Sent: Wednesday, February 10, 2010 8:29 PM To: The
Club Cafe Subject: Re: club_cafe:
VFINX
Thanks, Ira!
As far as Uncle Sam is concerned, may we
safely assume that TDA knows the qualifying percentage? I know for
a fact that we have owned VFINX for the required length of time. If
we go with the TDA statement, all I will need to do is change the
dividend status in bivio to "qualified" to reconcile the
accounts...correct?
It may be
qualified. It depends on whether the fund owned the underlying shares long
enough for the dividends it received to be qualifying and whether you owned
VFINX long enough for the dividends it paid to you to be qualifying. It's
theoretically possible for anywhere from 0% to 100% of the dividend to be
qualifying.
In a message dated 02/10/10 19:17:42 Eastern Standard
Time, amigos4@bivio.com writes:
Is the dividend for VFINX considered "Qualified"?
It was my belief that it is not a qualified dividend. On
our Consolidated 1099 TDA includes the VFINX dividend as
"qualified". What's the scoop?
From: club_cafe@bivio.com
[mailto:club_cafe@bivio.com] On Behalf Of Bob & Candi Hooper Sent: Thursday, February 11, 2010 12:21 AM To: The Club Cafe Subject: Re: club_cafe: VFINX
Thanks, Laurie! Do you happen to have that URL
handy? I'd like to learn more!
The Vanguard site confirms that VFINX dividends are 100%
paid by Qualifying Companies.
Therefore you can identify it as 100% Qualified when you take
the tax interview.
Laurie Frederiksen
From:club_cafe@bivio.com
[mailto:club_cafe@bivio.com] On Behalf Of Bob & Candi Hooper Sent: Wednesday, February 10, 2010 8:29 PM To: The Club Cafe Subject: Re: club_cafe: VFINX
Thanks, Ira!
As far as Uncle Sam is concerned, may we safely assume
that TDA knows the qualifying percentage? I know for a fact that we
have owned VFINX for the required length of time. If we go with the
TDA statement, all I will need to do is change the dividend status in
bivio to "qualified" to reconcile the accounts...correct?
It
may be qualified. It depends on whether the fund owned the underlying shares
long enough for the dividends it received to be qualifying and whether you
owned VFINX long enough for the dividends it paid to you to be qualifying. It's
theoretically possible for anywhere from 0% to 100% of the dividend to be
qualifying.
In a message dated 02/10/10 19:17:42 Eastern Standard Time,
amigos4@bivio.com writes:
Is the dividend for VFINX considered "Qualified"?
It was my
belief that it is not a qualified dividend. On our
Consolidated 1099 TDA includes the VFINX dividend as
"qualified". What's the scoop?