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Author: irasmilo Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121219  
Subject: Re: 2003 tax projections Date: 11/17/2003 5:48 PM
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Do Mutual Funds indicate on 1099 which Dividends are Qualified and which are not?

This is the first year for qualified dividends, and presumably mutual funds and other payers of dividends will sort them into two piles, qualifed and non-qualified. (That's what the new 1099-DIV form shows: Total Divs and Qualifed Divs...)


If only life were that simple. It is very likely that many of us will get two 1099-DIVs... one issued in January (because the law says that they must be issued by 1/31) and another one in mid-March, after the end of the qualified dividend holding period for late December ex-dividend dates. The March 1099-DIV will have corrected numbers (the adjustments could go either way). Those who file quickly may find themselves amending their returns.

Ira
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