Nonqualified dividend

rice.j1969 on

We have one stock that paid a nonqualified dividend but was listed as a qualified dividend in Bivio. I want to change it but do not see a nonqualified option when I edit it. What do I do?

John Rice

ABODI Investment Club

Anat Spector on

Here is a link

https://www.bivio.com/site-help/bp/Reclassifying_Dividends_Help

Sent from my iPhone

On Feb 16, 2017, at 7:21 PM, <rice.j1969@att.net> <rice.j1969@att.net> wrote:

We have one stock that paid a nonqualified dividend but was listed as a qualified dividend in Bivio. I want to change it but do not see a nonqualified option when I edit it. What do I do?

John Rice
ABODI Investment Club

Laurie Frederiksen on

Hi,

If you need to reclassify a dividend as Ordinary (also called Non-Qualified) and you don't see that as a choice on the income entry form, go back to the start of step 2 of the tax prep process and make sure you have identified the affected investment as "Not 100% Qualified".

Just a reminder also that there is a difference between a "Non-dividend" distribution and a "Non-Qualified" distribution.

A Non-dividend distribution is entered as a Return of capital in bivio. It's a very important change to make as it will affect the cost basis of your stock.

Laurie Frederiksen
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rice.j1969 on

Thank you Laurie.

On Friday, February 17, 2017 6:39 AM, Laurie Frederiksen <laurie@bivio.biz> wrote:

Hi,

If you need to reclassify a dividend as Ordinary (also called Non-Qualified) and you don't see that as a choice on the income entry form, go back to the start of step 2 of the tax prep process and make sure you have identified the affected investment as "Not 100% Qualified".

Just a reminder also that there is a difference between a "Non-dividend" distribution and a "Non-Qualified" distribution.

A Non-dividend distribution is entered as a Return of capital in bivio. It's a very important change to make as it will affect the cost basis of your stock.

Laurie Frederiksen
Invest with your friends!

www.bivio.com

Become our Facebook friend! www.facebook.com/bivio
Follow us on twitter! www.twitter.com/ bivio
Follow Us on Google+

Click here to Subscribe to the Club Cafe email list. Click here to Unsubscribe