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  3. 1. briefly describe the requirement for dividend i

1. Briefly describe the requirement for dividend income to be eligible for "Qualified Dividends" designation...

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Accounting

1. Briefly describe the requirement for dividend income to be eligible for "Qualified Dividends" designation

2. What form is used to report Qualified Dividends to a taxpayer?

3. How do the qualified dividends taxed? At what rate?

4. What form and/or worksheet is used?

5. What is the major difference b/w taxation of ordinary dividends vs. qualified dividends?

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