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| sethb[at]panix.com (Seth Breidbart) wrote: - quote - > sabex <rableach[at]NOSPAMyahoo.com> wrote:
Thanks for all your advice.> > 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. 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. << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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| sabex <rableach[at]NOSPAMyahoo.com> wrote: - quote - > I don't know much about qualified vs non-qualified
That depends on other factors. For instance, if you have> 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? capital losses, capital gains are better for you than dividends. - quote - > When I run those numbers through TaxCut (which sucks, by the
Chances are you paid the right amount.> 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. Seth << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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| amended, file, return |
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