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Summary: Filling your taxes? Get tips for filing stock dividends in your tax return in this free video clip about tax deductible items.
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About the Expert
Tom Choisnet Tom Choisnet was born, raised, and educated in San
Bernardino, California where he has his practice today. He has been in self-employed tax practice fo... read more
I'm Tom Choisnet, enrolled agent and I was just working with a client about stock dividends and this is a good time to tell you a little about stock dividends because particularly if you have mutual funds you are going to see that they are broken into different categories such as regular dividends, qualified dividends, and capital gain dividends. So let me tell you a little bit about those, the stock dividend in the first column goes on your in the regular place. The qualified dividends are taxed at a special way, at a discount as are also the capital gains dividends. So make sure that when you are reporting them you separate them on the tax return or make sure that you bring those 1099's to your tax professional should you be using one. I hope that helped you, I have some other clips on some other issues; please take a look at them. Thank you.