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Author: TheBadger Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121596  
Subject: Qualifying Dividend Treatment Date: 6/12/2003 6:41 PM
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Caused by the tax act just passed (which I have not yet read) qualifying dividends; e.g. domestic dividends that are not REITS, get taxed at 15%; the same as LTCG's. Does anyone who has read that act know how this was technically worded & therefore how it will really be treated:

1. Qualifying dividends flow through Schedule B just as usual and then there will be some tax adjustment?

2. Qualifying dividend will flow through Schedule D and be treated the same as capital gains and potentially therefore people with capital loss carryforwards can offset dividends against those carryforwards?

TheBadger
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