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Chevron Corporation Message Board

  • hlchlc1234 hlchlc1234 Mar 4, 2013 3:37 PM Flag

    Question on dividends

    My 1099's are coming through showing 50% of dividends on CVX as qualified and 50% as ordinary. I thought they were all qualified. No? Answer appreciated

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    • How long have you owned CVX? If you bought in the past year, I imagine some of your divs would be qualified while some not; I'm not sure what the time period is necessary for divs to be qualified, but I'm going with any divs you receive from a stock you've owned over a year would ALL be qualified. That's why I'm thinking you've only owned your position for a relatively short time frame.

    • hlchlc---
      My 1099 (wellsfargo) shows only 1 figure for CVX: "qualified"....but the bottom of that same section of my 1099 shows "TOTAL ordinary div (including qualified divs and short trm cap gain)"
      So, I assume that to mean "ordinary" includes ALL divs - both qualified and "NON"-qualified
      You do understand that "qualified" means they get taxed at a reduced rate, right? Wheras NONqualified is taxed at your regular/"marginal"/"paycheck" tax rate, if I understand correctly..... in other words, "ordinary" div includes BOTH qualified and non-qualified,
      Main point: my take is that the word "ordinary" has no effect on tax treatment - it's the terms "qualified" and "non-qualified" that make the difference - I have no idea where you got the "50%" figures (not questioning you, just wondering who sends you your 1099? - in 17 years I have never had a question about CVX divs)
      Sorry to be so wordy, hope this helps - good luck... (btw I quit doin' my own taxes 17 years ago when I inherited this stock)

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