Message Font: Serif | Sans-Serif
No. of Recommendations: 1
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?

Choice 1. Schedule D, Part IV, Tax Computation Using Maximum Capital Gains Rates, will get longer as there will be line/lines added for qualifying dividends.

Print the post  


In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
Live Video Event Monday!
The GP team is hosting a live video event on Monday at 4 p.m. ET. Don't worry if you can't make it — we'll have a replay and a transcript. Click for more!
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.