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newcat
12-14-2016, 10:16 AM
Hi all,

I own a c-corp with online retailer business. All profits are from the retails. I am preparing the 1099-div form (with dividend distributed to my self). My questions is: there are 1a ordinary dividends; 1b qualified dividends, 2a captial gain distributions, 2b unrecaptured section 1250 gain. I kinda think it should be 1b qualified dividends, but I am not very sure. Please give me your opinion. Thanks in advance.

Freelancier
12-14-2016, 02:35 PM
Possibly ordinary, possibly qualified. Look at the 1099-DIV instructions to figure out which it is.

Not a cap gains distribution, because you didn't sell any capital asset to generate the dividend.

Not a 1250, which has to do with real estate.