What are qualified dividends?
An example of an AI chatbot conversation about qualified dividends and their tax implications.
What are qualified dividends?
Qualified dividends are dividends paid by U.S. corporations or qualified foreign corporations on stocks held for a specific period.
How are they different from ordinary dividends?
Ordinary dividends are taxed at your regular income tax rate, while qualified dividends are taxed at a lower capital gains rate.
What are the requirements for dividends to be considered qualified?
To be qualified, dividends must be paid on stocks held for at least 61 days during the 121-day period surrounding the ex-dividend date.
Are there any exceptions to this rule?
Yes, certain dividends, like those from REITs or MLPs, do not qualify for the lower tax rate.
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