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re: VMFXX - 1099 DIV
Posted on 3/7/24 at 8:06 am to LSUSports247
Posted on 3/7/24 at 8:06 am to LSUSports247
quote:
Does this mean that I don’t pay tax on those dividends?
Opposite actually, since it is non-qualified these dividends will be taxed at your ordinary income levels. Instead of the lower capital gains rate.
I believe the reason why it will never be qualified is because the dividends in this case are just a pass through of the interest being generated. They will never be qualified dividends for tax purposes unless laws change.
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