When a broker reports qualified dividends of stocks on the 1099, do they take the holding period into account?Or is it up to me to figure out if some of my "qualified" dividends might not be qualified because of the holding period?TIA
No, they don't take that into account. That's up to you. That should be mentioned in the 1099-DIV instructions somewhere.A good reason to avoid keeping stocks for less than 61 days - unless it turns bad real quick :)
Thanks. I haven't received the 1099 yet so I haven't read the instructions.
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