Fri, Jul 25, 2014, 2:57 AM EDT - U.S. Markets open in 6 hrs 33 mins


% | $
Click the to save as a favorite.

Fidelity National Financial, Inc. Message Board

  • michaeliklein michaeliklein Feb 10, 2006 10:19 AM Flag

    Tax Help

    Hi There,

    I have been holding FNF for awhile. I have held through the $10 special dividend and the FNT spinoff. The $10 special dividend I reinvested into FNF and I hold all the FNT spin-off shares.

    I am getting confused as both are obviously considered cash dividends but on my 1099 I show some a an ordinary dividend and some as a qualified dividend. My question is:

    1) The 410 special dividend - is that considered ordinary or qualified (I have held for the required holding period)

    2) The FNT spin-off - Is that ordinary and qualified. And if I haven't sold FNT does that change it to a qualified dividend even if it as ordinary (meaning I just reflect change in cost basis)

    I appreciate any help you can provide as I can't understand why my ordinary divident amount is as high as it is when I thought both of these would be considered qualified dividends

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • I beleive they are both qualified dividends on FNF. You could have sold the FNT without making the dividend not get un-qualified. It is as if they gave you cash, and you bought the FNT shares with the proceeds. The dividend amount will be your FNT basis on those shares.

27.58-0.38(-1.36%)Jul 24 4:01 PMEDT

Trending Tickers

Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.