Which section and subsection of the Internal Revenue Code defines the tax rates to be imposed on qualified dividend.
Which section and subsection of the Internal Revenue Code defines the tax rates to be imposed on qualified dividend.
Chapter16: Tax Research
Section: Chapter Questions
Problem 41P
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A Client received a form 1099 DIV showing only a portion of the total distributions as qualified dividends. Which section and subsection of the Internal Revenue Code defines the tax rates to be imposed on qualified dividend.
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Answer:
Section and subsection of the Internal Revenue Code defines the tax rates to be imposed on qualified dividend:
IRC 1 (h): Maximum Capital Gains Rate
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