<dumpjm[at]yahoo.com> wrote:

- quote -

No.

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Art Kamlet ArtKamlet [at] AOL.com Columbus OH K2PZH

<< ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2005) - All rights reserved. > << ================================================== ===== >

I swing trade alot of high dividend stocks (not because of
the dividends ... I generally consider them an annoyance for
my record keeping) and I accumulate a large amount of
dividend income. Up until recently I've assumed that none
of these dividends are considered Qualified Dividends
because I never hold for more than 60 days out of 120
surrounding the dividend. At least I never hold for 60
continuous days. And this brings me to my question: Can I
qualify for the reduced tax rate on dividends if I buy and
sell every couple of days but still manage to hold the stock
for 60 distinct days during the 120 day period? If the
answer is yes, can I count "partial days" as "whole days"
.... that is, if I only hold for a few hours on a given day
.... does that count as 1 full day toward my required 60? I
stand to save a ton of money on my taxes if I canl
legitimately my dividends "Qualified Dividends".

Thanks in advance,
Frank

<< ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2005) - All rights reserved. > << ================================================== ===== >