This year I've noticed that the qualified dividends equal the total dividends on 1099-DIV for 2016. This has never happened before. So my question is: has the definition of qualified dividends changed for the tax year 2016? IIRC, dividends paid on stocks bought less than year ago would be unqualified.
Note that I reinvest all dividends.
/BAH
The rules have not changed. You need to hold the stock for more than 30 days in the 61 day period that begins 30 days before the ex-dividend date and ends 30 days after the ex-dividend date. There is no requirement that the holding be long-term.
If your qualified dividends were less than total dividends in the past, you might have invested in securities that fail one or more of the other requirements to be a qualified dividend.
Ira Smilovitz, EA
in the 61 day period that begins 30 days before the ex-dividend date and ends
30 days after the ex-dividend date. There is no requirement that the holding be long-term.might have invested in securities that fail one or more of the other requirements to be a qualified dividend.
They've always been less (15-20 years); it's only this year that the pattern has changed. Other than one stock sale, the portfolio hasn't changed this year. another mystery in my life. If the law hasn't changed, then the brokerages' programs have changed and I'm going to have correction 1099s at the end of March.
Thanks for the info. :-)
/BAH
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