sales11
Apr 7, 2009, 11:37 AM
I got a 1099-DIV for $120453.00. How much taxes should I pay on it?
Antonio
MukatA
Apr 7, 2009, 01:21 PM
It is ordinary income and is reported on schedule B (Form 1040). Your tax will depend upon your other income.
AtlantaTaxExpert
Jun 6, 2009, 10:47 AM
It will also depend if the dividend is "qualified" or not. Qualified dividends are taxed at capital gains rates (5% or 15%).