When received a K-1 from hedge fund, there is about $20,000 in Line 1, oridinary income(loss) and its detail schedule shows that interest income about $5,000, and $8,000 dividend income( $6000 qaualified income included here) and swap income of $7000. Among $20,000 total ordinary income, can I put $5K as interest income, $8k as dividend (6K as qualified income), 7k as ordinary income in my tax return to benefit from qualified dividend income tax rate? Appreciate your answers.
