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Thread: help with 1099 div preparation

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    Default help with 1099 div preparation

    Hi all,

    I own a c-corp with online retailer business. All profits are from the retails. I am preparing the 1099-div form (with dividend distributed to my self). My questions is: there are 1a ordinary dividends; 1b qualified dividends, 2a captial gain distributions, 2b unrecaptured section 1250 gain. I kinda think it should be 1b qualified dividends, but I am not very sure. Please give me your opinion. Thanks in advance.

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    Possibly ordinary, possibly qualified. Look at the 1099-DIV instructions to figure out which it is.

    Not a cap gains distribution, because you didn't sell any capital asset to generate the dividend.

    Not a 1250, which has to do with real estate.
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