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Lorenzo2 wrote: 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.

Huh, hmmm *a deep sigh*, it sounds complicated. If 2003 is the first year for Qualified Dividends, what was before? Was it simpler and all dividends were called dividends without extra adjective (Qualified or Non-qualified)?
I'm not worried about 2003 since I have no taxable accounts (except some interest on my CD). However, I'm curious whether it will be easier for 2004 because my goal is to open a taxable investment account in January.

Thank you for your answers and a nice joke <-- Lorenzo2.
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