Mutual Funds Taxation- You Need To Determine How Much Tax Your Dividend Is Subject To

Sometimes, an investor may receive less returnsnon-qualified dividends, it gets paid out to you the
than what would have been anticipated. Theinvestor as unqualified. This means that it will be
reason for this is in most cases as a result ofsubject to tax. To convert it into qualified
taxation of the investment. This is more so withdividend, the fund must hold the dividend for
investments like mutual funds. However, theabout 61 days for it to be paid out to you as a
securities under this category tend to be chargedqualified dividend. Short-term capital gain is also a
much lower tax than others. Ordinary dividendsterm that disqualifies your dividend from favorable
are the returns that are more prone to taxation.tax rates. This means that when a divided has a
For your dividends not to be taxed or to be givenshort-term capital gain, the income is paid out as
a special treatment, they must be included in aordinary dividend, which again is subject to tax.
category known as 'qualified'. Your dividends mayWhen trying to determine how much tax your
be non-qualified if they include terms like taxabledividend is subject to, you can make use of some
interest. This means that when a mutual fundsimple tips. One, look at the forms 1099-DIV and
receives taxable interest, the interest gets paidform 2439 to see the amount of tax allocated to
out as dividends, but at a lower amount becauseany amount of the dividend. This is given in
of the deducted tax.percentages. Then look carefully to see whether
If your investment also receives somethe income was from interest or from dividends.