ed wrote:
- quote -

Oh good grief! Are you kidding? I'm concerned because I remember
doing a return for a client having substantial dividends from TD.

So I looked at the 1099Div instructions from IRS, and it clearly says
that for qualified dividends, enter the PORTION of those in box 1a
(total dividends) that are qualified divs.

I don't know whether or not to be concerned now.

Note to myself. calendar for April 16th; check with client.

ChEAr$,
Harlan Lunsford, EA n LA

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In article
<8010b008-d8d6-41cd-9b3f-22cc8f640b3f[at]24g2000hsh.googlegroups.com> ,
ed <edcosoft[at]sbcglobal.net> wrote:

- quote -

Really? Are brokers allowed to deviate from the standard content of
1099-DIV?

--
Barry Margolin, barmar[at]alum.mit.edu
Arlington, MA
*** PLEASE don't copy me on replies, I'll read them in the group ***

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On Apr 4, 4:44*pm, Vic Dura <vpd...[at]hiwaay.net> wrote:
- quote -

Qualified Dividends and thenyou must add them together for a total of
all Dividends. Duh.

ed

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On Fri, 4 Apr 2008 16:07:35 EDT, "Elle" <honda.lioness[at]spamnocox.netwrote Re Re: 1099-DIV:

- quote -

Thanks to all who replied.

I was trying to reconcile my 1099-DIV with my record of dividends
received and suddenly realized that I didn't understand if the Line 1b
amount was included in Line 1a.

Thanks clearing that up for me.

Vic
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At first they laugh at you, then they ignore you, then they fight you, then you win.

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Vic Dura wrote:
- quote -

Your total dividends were $200. The amount in box 1b is included in
1a. If you look at the fine print on the back of the form, it says
"Box 1b. Shows *the portion of the amount in box 1a* that may be
eligible for the 15% or 5% capital gains rates."

Bob Sandler

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Vic Dura <vpdura[at]hiwaay.net> writes:

- quote -

You got $200 in divs, of what $100 was qualified.

--
Rich Carreiro rlc-news[at]rlcarr.com

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In article <paucv3hme4bp5qsnv5s29bl21nth00ce6g[at]4ax.com> ,
Vic Dura <vpdura[at]hiwaay.net> wrote:

- quote -

You received a total of $200 dividends. Of that, $100 was qualified.

After the $200 is added to your taxable income, the $100 is used to
calculate (adjust) the amount of tax owed on the taxable income using
the qualified dividends and capital gains tax worksheet (line 44 of the
1040 form.

--
-Ernie-

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In misc.taxes.moderated, Vic Dura wrote:

- quote -

$200.

- quote -

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<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >

"Vic Dura" <vpdura[at]hiwaay.net> wrote
- quote -

Your total dividends were $200.

Ordinary Dividends consist of (1) Qualified Dividends and
(2) Non-Qualified Dividends. So Qualified Dividends will
always be less than or equal to Ordinary Dividends.

I think the "ordinary" descriptor harkens back to the notion
that dividends all used to be taxed at "ordinary income"
rates. Since changes to the tax law c. 2003, some dividends
have since fallen into a new, "special" subcategory, called
"qualified dividends," such that the qualified dividends
will be taxed at capital gain tax rates.

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<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >

I need a reality check. If I receive a 1099-DIV with

1a Total Ordinary Dividends ..... $200.00
1b Qualified Dividends .............. $100.00

does that mean that the total dividends I received during the year of
whatever type is $200 or $300?

Thanks for helping me clear my thinking.
--
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<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >