-
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.
-
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.
Posting Permissions
- You may not post new threads
- You may not post replies
- You may not post attachments
- You may not edit your posts
-
Forum Rules
Bookmarks