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Re: dclarke, i hope you use turbotax. divs are classified as ordinary income. eeee

By: bim24 in IDCC | Recommend this post (0)
Fri, 23 Sep 11 3:59 AM | 65 view(s)
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Msg. 42851 of 48237
(This msg. is a reply to 42850 by tfwg)

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tfwg et all,

you guys are killing me.
dividends will be taxed as either ordinary income or qualifed dividends (15%) depending on how long you held the stock and during what period.

if you want it to be taxed at 15% don't buy it around the ex div. date and sell it as soon as you get it.... that will be taxed as ordinary dividends




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The above is a reply to the following message:
Re: dclarke, i hope you use turbotax. divs are classified as ordinary income. eeee
By: tfwg
in IDCC
Fri, 23 Sep 11 1:19 AM
Msg. 42850 of 48237
Re: dclarke, i hope you use turbotax. divs are classified as ordinary income. eeee

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