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Tyrone J. Taylor
Tyrone J. Taylor, Enrolled Agent
Category: Tax
Satisfied Customers: 52
Experience:  Owner at Taylor Tax and Financial Consulting
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If all dividends received were 'qualified dividends' (9b) must

Customer Question

If all dividends received were 'qualified dividends' (9b) must I also include them in line 9a?
Are they required to be listed on Schedule B as ordinary dividends. The form I received from my broker listed them as both.
Submitted: 1 year ago.
Category: Tax
Expert:  Tyrone J. Taylor replied 1 year ago.
Hello Charles,I am an Enrolled Agent with 9 years of professional tax experience.The qualified dividends for 9b are a part of the ordinary dividends showing in 9a. Qualified dividends means that these are ordinary dividends that are qualified to be taxed at the lower capital gains rate versus the income tax rate. So, this means that all of your ordinary dividends are also qualified dividends if the two numbers are the same. If your marginal tax rate is 10 or 15%, this income is not taxed. (Marginal tax rate is the highest income tax rate you pay based on your income level)I hope this answers your questions. If you need further clarification, please let me know. If not, please go ahead and rate my answer. Thank you and have a good evening.