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Old 04-05-2004, 08:31 PM
sabex
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Default Re: Do I need to file an amended return?

sethb[at]panix.com (Seth Breidbart) wrote:
- quote -

> sabex <rableach[at]NOSPAMyahoo.com> wrote:

> > I don't know much about qualified vs non-qualified
> > dividends, but it seems to me that if I treated those
> > dividends as short term capital gains and filed my return
> > appropriately, then at worst, I would be overpaying my taxes
> > - correct?


> That depends on other factors. For instance, if you have
> capital losses, capital gains are better for you than
> dividends.


> > When I run those numbers through TaxCut (which sucks, by the
> > way) I get the same taxable income and tax due amount as on
> > my original return. So, Either I paid my taxes properly,
> > over I overpaid a little.


> Chances are you paid the right amount.


Thanks for all your advice.

The capital gains / loss thing is not a big deal - last year
was a good year so my gains far outweighed my losses even
before this mixup.


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  #-1  
Old 04-02-2004, 10:59 PM
Seth Breidbart
Guest
 
Posts: n/a
Default Re: Do I need to file an amended return?

sabex <rableach[at]NOSPAMyahoo.com> wrote:

- quote -

> I don't know much about qualified vs non-qualified
> dividends, but it seems to me that if I treated those
> dividends as short term capital gains and filed my return
> appropriately, then at worst, I would be overpaying my taxes
> - correct?


That depends on other factors. For instance, if you have
capital losses, capital gains are better for you than
dividends.

- quote -

> When I run those numbers through TaxCut (which sucks, by the
> way) I get the same taxable income and tax due amount as on
> my original return. So, Either I paid my taxes properly,
> over I overpaid a little.


Chances are you paid the right amount.

Seth

<< -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << ------------------------------------------------->
 

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