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Gold/Mining/Energy : TAXES, TAXATION, TAX and Canadian stocks

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To: Sans Souci who started this subject	2/25/2004 4:39:18 PM
From: LTBH	Read Replies (1) of 548

Double Taxation on Qualified Dividends I need some help understanding how one REALLY gets a 15% tax rate on Qualified Dividends VS being taxed TWICE on them. The IRS 1099 Div Instructions say: "Box 1b. Qualified Dividends; Enter the portion of the dividends in box 1a that qualify for the 5% and 15% capital gains rates." Therefore your broker shows total dividends on 1099 Div line 1a. This being the case, what 1040/Sched D line prevents being taxed at the marginal rate for Ordinary Dividends which includes qualified (1040 line 9a) and an additional 15% on the qualified dividends (Sched D part IV line 47). Assuming a marginal rate of 25% your qualified divies would be costin you 40% tax. TIA to all responders Networm

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