ESOP Dividend Rollover Eligibility

Feb 25, 2007 0 Replies

My company formed a leveraged ESOP many years ago. Last year they paid a large special dividend in addition to the quarterly dividends. I have always assumed these dividends were taxable. Since no taxes were withheld this had a huge impact on my 2006 taxes. My 1099-B shows these as non-qualified dividends. Could I have done an IRA rollover for the dividends? I have with drawn shares when allowed using an IRA rollover.




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