Communications
club_cafe
HelpRegister
How To Edit for Qualified/Non-Qualified Dividend
Doing 1099 Review as I start taxes and I have two holdings where my broker statement shows dividends originally recorded as qualified now have a portion that is ordinary/non-qualified. How do I edit the record?

When I go in to edit, I do not see an income type of non-qualified or ordinary dividend - I only see Foreign Taxes Withheld, Interest, Interest/Dividend (Tax Free), Long-Term Capital Gain, Non-dividend Distribution/Return of Capital, Qualified Dividend, Royalty Income, Section 199A Dividend, Short-Term Capital Gain and Unrecaptured Section 1250 Gain.

I'm thinking Non-Dividend Distribution/Return of Capital?

If it matters, the holdings are BLOK and WOOD.
Yes edit and change to non-dividend.  The Bivio instructional video reviews this. 


Sent from my iPad

On Mar 5, 2022, at 10:33 AM, Kimberly Berry via bivio.com <user*36387200001@bivio.com> wrote:

Doing 1099 Review as I start taxes and I have two holdings where my broker statement shows dividends originally recorded as qualified now have a portion that is ordinary/non-qualified. How do I edit the record?

When I go in to edit, I do not see an income type of non-qualified or ordinary dividend - I only see Foreign Taxes Withheld, Interest, Interest/Dividend (Tax Free), Long-Term Capital Gain, Non-dividend Distribution/Return of Capital, Qualified Dividend, Royalty Income, Section 199A Dividend, Short-Term Capital Gain and Unrecaptured Section 1250 Gain.

I'm thinking Non-Dividend Distribution/Return of Capital?

If it matters, the holdings are BLOK and WOOD.

A non-qualified dividend (also called Ordinary) is NOT the same thing as a Non-dividend (also called return of capital)

If you do not see Ordinary/Non-qualified as a choice when you go to reclassify dividends, you need to make sure that when you do step 2 of the tax prep process that there is a No in the "100% Qualified" dividend column.

Once you change it to no, Ordinary/Non-qualified will be one of the types of income you can reclassify into

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


On Sat, Mar 5, 2022 at 11:13 AM Michelle via bivio.com <user*21289400001@bivio.com> wrote:
Yes edit and change to non-dividend. The Bivio instructional video reviews this.


Sent from my iPad

On Mar 5, 2022, at 10:33 AM, Kimberly Berry via bivio.com <user*36387200001@bivio.com> wrote:

Doing 1099 Review as I start taxes and I have two holdings where my broker statement shows dividends originally recorded as qualified now have a portion that is ordinary/non-qualified. How do I edit the record?

When I go in to edit, I do not see an income type of non-qualified or ordinary dividend - I only see Foreign Taxes Withheld, Interest, Interest/Dividend (Tax Free), Long-Term Capital Gain, Non-dividend Distribution/Return of Capital, Qualified Dividend, Royalty Income, Section 199A Dividend, Short-Term Capital Gain and Unrecaptured Section 1250 Gain.

I'm thinking Non-Dividend Distribution/Return of Capital?

If it matters, the holdings are BLOK and WOOD.
Thanks, Laurie - very helpful as always!!!


On Sat, Mar 5, 2022 at 11:24 AM Laurie Frederiksen <laurie@bivio.biz> wrote:

A non-qualified dividend (also called Ordinary) is NOT the same thing as a Non-dividend (also called return of capital)

If you do not see Ordinary/Non-qualified as a choice when you go to reclassify dividends, you need to make sure that when you do step 2 of the tax prep process that there is a No in the "100% Qualified" dividend column.

Once you change it to no, Ordinary/Non-qualified will be one of the types of income you can reclassify into

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


On Sat, Mar 5, 2022 at 11:13 AM Michelle via bivio.com <user*21289400001@bivio.com> wrote:
Yes edit and change to non-dividend. The Bivio instructional video reviews this.


Sent from my iPad

On Mar 5, 2022, at 10:33 AM, Kimberly Berry via bivio.com <user*36387200001@bivio.com> wrote:

Doing 1099 Review as I start taxes and I have two holdings where my broker statement shows dividends originally recorded as qualified now have a portion that is ordinary/non-qualified. How do I edit the record?

When I go in to edit, I do not see an income type of non-qualified or ordinary dividend - I only see Foreign Taxes Withheld, Interest, Interest/Dividend (Tax Free), Long-Term Capital Gain, Non-dividend Distribution/Return of Capital, Qualified Dividend, Royalty Income, Section 199A Dividend, Short-Term Capital Gain and Unrecaptured Section 1250 Gain.

I'm thinking Non-Dividend Distribution/Return of Capital?

If it matters, the holdings are BLOK and WOOD.
Sorry for not drinking coffee before I offered an opinion🤦‍♀️

Sent from my iPhone

On Mar 5, 2022, at 11:41 AM, Kim Berry via bivio.com <user*36387200001@bivio.com> wrote:


Thanks, Laurie - very helpful as always!!!


On Sat, Mar 5, 2022 at 11:24 AM Laurie Frederiksen <laurie@bivio.biz> wrote:

A non-qualified dividend (also called Ordinary) is NOT the same thing as a Non-dividend (also called return of capital)

If you do not see Ordinary/Non-qualified as a choice when you go to reclassify dividends,  you need to make sure that when you do step 2 of the tax prep process that there is a No in the "100% Qualified" dividend column.

Once you change it to no,  Ordinary/Non-qualified will be one of the types of income you can reclassify into

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


On Sat, Mar 5, 2022 at 11:13 AM Michelle via bivio.com <user*21289400001@bivio.com> wrote:
Yes edit and change to non-dividend.  The Bivio instructional video reviews this. 


Sent from my iPad

On Mar 5, 2022, at 10:33 AM, Kimberly Berry via bivio.com <user*36387200001@bivio.com> wrote:

Doing 1099 Review as I start taxes and I have two holdings where my broker statement shows dividends originally recorded as qualified now have a portion that is ordinary/non-qualified. How do I edit the record?

When I go in to edit, I do not see an income type of non-qualified or ordinary dividend - I only see Foreign Taxes Withheld, Interest, Interest/Dividend (Tax Free), Long-Term Capital Gain, Non-dividend Distribution/Return of Capital, Qualified Dividend, Royalty Income, Section 199A Dividend, Short-Term Capital Gain and Unrecaptured Section 1250 Gain.

I'm thinking Non-Dividend Distribution/Return of Capital?

If it matters, the holdings are BLOK and WOOD.