In article <gAf_j.2376$xZ.299[at]nlpi070.nbdc.sbc.com> ,
Mark Bole <makbo[at]pacbell.net> wrote:

- quote -

It sounds like this is a statement separate from the tax documents that
the IRS requires. The IRS doesn't regulate documents like these. The
SEC has some rules for mutual funds, to make it easier to compare funds,
but I doubt they apply to trusts.

--
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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"Arthur Kamlet" <kamlet[at]panix.com> wrote in message
news:g1a2g3$s6o$1[at]reader2.panix.com...
- quote -

it is no more misleading than, say, "tax simplification act"

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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 wrote:
[...]
- quote -

I thought the whole purpose of precisely numbered boxes on tax forms was
to avoid this type of confusion.

Shouldn't the trust be reporting this on a Schedule K-1 (Form 1041) to
avoid any confusion and ambiguity?

-Mark Bole

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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. > << ------------------------------------------------------- >

On Sat, 24 May 2008 17:49:07 EDT, kamlet[at]panix.com (Arthur Kamlet)
wrote Re Re: Ordinary, Qualified, Total:

- quote -

It's from my mother in laws trust as follows:

Grantor Tax Information Letter

Income:
Dividend Income:
Qualified ....
Total for year .....


- quote -

It is indeed a confusing document to read.

Thanks for the comments Art, and thanks also to Bill Brown and Phil
Marti for their comments.

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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. > << ------------------------------------------------------- >

In article <ptXZj.7862$3j.2092[at]trnddc05> ,
Phil Marti <prm20871[at]verizon.net> wrote:
- quote -


Correct.

Where did you find the term "total dividends?"

It is a very misleading term, and if a payer used it, they should
be strung up, along with those fund managers who report the
short-term capital gains paid by the fund :-(

Qualified dividends are those dividends which tentatively qualify
for a lower tax rate than non-qualified dividends.

So qualified dividends can be zero, or as much as ordinary dividends,
or anywhere in-between.
--


ArtKamlet at a o l dot c o m Columbus OH K2PZH

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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" wrote:

- quote -

No. Qualified dividends are a subset of ordinary dividends.

--
Phil Marti
Clarksburg, MD

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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. > << ------------------------------------------------------- >

On May 24, 10:31*am, Vic Dura <vpd...[at]hiwaay.net> wrote:
- quote -

I believe not. I believe Total = Ordinary.

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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. > << ------------------------------------------------------- >

Hello all,

I've noticed that some end-of-year dividend tax reports show
"Qualified" and "Total" dividends. Other reports from different
sources show "Qualified" and "Ordinary" dividends. I assume that

Total = Qualified + Ordinary

is that correct?

Thanks

--
<< ------------------------------------------------------- > << 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. > << ------------------------------------------------------- >