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#4
02-15-2004, 03:44 AM
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 Re: Qualification status of the dividends of the security symbol Harlan Lunsford <lunstax[at]bellsouth.net> writes: - quote - > Ok then, I hope you're right. I've just yet to see a 1099
Wow. Every one of my stock mutual funds had virtually> from a mutual fund with any qualified dividends. But > there's always tomorrow. all of their dividends listed as qualified on the 1099-DIV. Only ones that didn't were (not at all surprisingly) bond funds. -- Rich Carreiro rlcarr[at]animato.arlington.ma.us << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#3
02-13-2004, 04:20 AM
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| Re: Qualification status of the dividends of the security symbol Rich Carreiro wrote: - quote - > Harlan Lunsford <lunstax[at]bellsouth.net> writes:
Ok then, I hope you're right. I've just yet to see a 1099> > young wrote: > > > Does anyone know if the dividends for the closed end fund > > > symbol ATF are qualified. We have shares in this fund that > [snip] > > Since it's a fund, dividends are not qualified. > Well, not quite. Since it's a fund, the fund's dividends > are qualified to the extent they're allocable to qualified > dividends paid out on the fund's holdings. from a mutual fund with any qualified dividends. But there's always tomorrow. Cheer$, Harlan Lunsford << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#2
02-12-2004, 07:51 AM
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| Re: Qualification status of the dividends of the security symbol Harlan Lunsford wrote: - quote - > young wrote:
Mutual funds distribute both qualified and nonqualified> > Does anyone know if the dividends for the closed end fund > > symbol ATF are qualified. We have shares in this fund that > > the broker has indicated are not qualified on our 1099. > > However, we have held the shares for over six years and take > > the dividends in cash. > > > If anyone holds this fund, could you either post the way > > they were recorded on your 1099 or post where one can > > contact to determine the qualification status of the > > dividends. > Since it's a fund, dividends are not qualified. dividends. I see no reason why a closed end fund would be any different. The taxpayer should call the fund and ask why the dividends received were not qualified. It's possible that the payout represented interest income. However, it is my understanding that this fund owns shares in AT&T and its spin offs since 1984. One could logically deduce that some of the dividends paid by the fund are dividends received on the stock and would be qualified. -- Alan http://taxtopics.net << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#1
02-12-2004, 07:12 AM
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| Re: Qualification status of the dividends of the security symbol Harlan Lunsford <lunstax[at]bellsouth.net> writes: - quote - > young wrote:
[snip]> > Does anyone know if the dividends for the closed end fund > > symbol ATF are qualified. We have shares in this fund that - quote - > Since it's a fund, dividends are not qualified.
Well, not quite. Since it's a fund, the fund's dividendsare qualified to the extent they're allocable to qualified dividends paid out on the fund's holdings. -- Rich Carreiro rlcarr[at]animato.arlington.ma.us << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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02-11-2004, 03:15 PM
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| Re: Qualification status of the dividends of the security symbol young wrote: - quote - > Does anyone know if the dividends for the closed end fund
Since it's a fund, dividends are not qualified.> symbol ATF are qualified. We have shares in this fund that > the broker has indicated are not qualified on our 1099. > However, we have held the shares for over six years and take > the dividends in cash. > If anyone holds this fund, could you either post the way > they were recorded on your 1099 or post where one can > contact to determine the qualification status of the > dividends. Cheer$, Harlan Lunsford, EA n LA << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#-1
02-10-2004, 08:05 PM
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| Re: Qualification status of the dividends of the security symbol ATF Does anyone know if the dividends for the closed end fund symbol ATF are qualified. We have shares in this fund that the broker has indicated are not qualified on our 1099. However, we have held the shares for over six years and take the dividends in cash. If anyone holds this fund, could you either post the way they were recorded on your 1099 or post where one can contact to determine the qualification status of the dividends. Thanks, << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
| Tags |
| atf, dividends, qualification, security, status, symbol |
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