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Re: LouisDesyjr post# 4

Wednesday, 03/15/2017 3:18:07 PM

Wednesday, March 15, 2017 3:18:07 PM

Post# of 8
Awilco dividends are qualified (taxed at more favorable rates).

A couple of brokers have failed to report them as qualified in the past, so its easier to own with one that correctly reports them as qualified. In 2015 Schwab finally became aware of the correct qualified status of AWILCO dividends, while Fidelity and Merrill Edge reported them as ordinary. TDAmeritrade reports them as qualified.

It may be noted that for the dividend to be treated as Qualified and receive preferential tax treatment, you must own the stock, for 61 consecutive days (which must include the Ex-dividend date).



Dividend Taxation in the United States:
2013- present

Tax Rates
Ordinary ...... Qualified
Div ........... Dividend
Rate ......... Rate
10% ......... 0%
15% ......... 0%
25% ......... 15-18.8*%
28% ......... 15-18.8*%
33% ......... 15-18.8*%
35% ......... 15-18.8*%
39.6%....... 20-23.8*%