Author Topic: SPY Dividends Reported as Non-Qualified  (Read 2527 times)

Dr. A

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SPY Dividends Reported as Non-Qualified
« on: February 25, 2016, 08:46:16 AM »
In my taxable account I received dividends from SPY and VTI (switched from SPY to VTI near the end of the year to harvest a short-term loss). I personally held both fund long enough to make the dividends qualified.

My 1099 is reporting that the dividends from SPY (3 distributions) are entirely NON-qualified. The distribution from VTI was reported as 100% qualified. I do realize that the dividend from an ETF is a pass-through and that I should not necessarily expect that it be 100% qualified, but I would expect most of it to be qualified.

Should I expect a revised 1099, or am I missing something?

JZinCO

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Re: SPY Dividends Reported as Non-Qualified
« Reply #1 on: February 25, 2016, 09:14:25 AM »
That is confusing and at odds with SPDR's tax summary for SPY https://www.spdrs.com/library-content/public/SPDR%20ETF%20ICI%20Tax%20Summary%20-%20December%2031_%202015%20(revised%2002.24.16).pdf
 I cannot answer your question but maybe these discussions will help https://www.bogleheads.org/forum/viewtopic.php?t=112936
http://www.etf.com/sections/features/432.html?nopaging=1
Do not be surprised if you get a revised form down the road.
« Last Edit: February 25, 2016, 09:20:30 AM by JZinCO »