f*t
2 楼
what are the differences?
The earning of money market of a bank is considered as dividend or interest?
I think interest is treated as regular income,
but dividends can be treated as capital gain, which may have lower tax rate.
thx.
The earning of money market of a bank is considered as dividend or interest?
I think interest is treated as regular income,
but dividends can be treated as capital gain, which may have lower tax rate.
thx.
O*A
8 楼
Read Pub 564. Maybe what you have is money market fund, a mutual fund
invested in money market, so the earnings is dividend not interest.
invested in money market, so the earnings is dividend not interest.
f*t
9 楼
thakns.
first, what I have is the Money market fund of a bank. Basically the bank
has three things: checking, saving (regular, and CDs), and money market fund
. Usually money market fund has a higher rate. The earning from this money
market fund, the bank call it a dividend. But when the bank report the
earning, it uses the similar form as that of interest.
So I confused, because I think the didivdend is treated differently (for
example, as a capital gain), from interest. So for such earning, d
【在 O******A 的大作中提到】
: Read Pub 564. Maybe what you have is money market fund, a mutual fund
: invested in money market, so the earnings is dividend not interest.
O*A
10 楼
Dividends reported on 1099-DIV and interest reported on 1099-INT. Interest
is ordinary income and dividend income taxed at 15% (if your income is less
than $200000?). There are different lines on 1040 to report these income. (
don't report dividend on capital gain).
If you got 1099-INT, my guess is your bank invested the money in CD's, but I
could be wrong. Ask your bank.
fund
report
【在 f****t 的大作中提到】
:
: thakns.
: first, what I have is the Money market fund of a bank. Basically the bank
: has three things: checking, saving (regular, and CDs), and money market fund
: . Usually money market fund has a higher rate. The earning from this money
: market fund, the bank call it a dividend. But when the bank report the
: earning, it uses the similar form as that of interest.
: So I confused, because I think the didivdend is treated differently (for
: example, as a capital gain), from interest. So for such earning, d
is ordinary income and dividend income taxed at 15% (if your income is less
than $200000?). There are different lines on 1040 to report these income. (
don't report dividend on capital gain).
If you got 1099-INT, my guess is your bank invested the money in CD's, but I
could be wrong. Ask your bank.
fund
report
【在 f****t 的大作中提到】
:
: thakns.
: first, what I have is the Money market fund of a bank. Basically the bank
: has three things: checking, saving (regular, and CDs), and money market fund
: . Usually money market fund has a higher rate. The earning from this money
: market fund, the bank call it a dividend. But when the bank report the
: earning, it uses the similar form as that of interest.
: So I confused, because I think the didivdend is treated differently (for
: example, as a capital gain), from interest. So for such earning, d
f*t
11 楼
less
only qualified dividends get 15%, and ordinary dividends are counted as
regular income? The forms from the bank will specify which are interests,
which are ordinary dividends, which are qualified dividends?
I
thanks for this hint. I never thought about this possibility.
【在 O******A 的大作中提到】
: Dividends reported on 1099-DIV and interest reported on 1099-INT. Interest
: is ordinary income and dividend income taxed at 15% (if your income is less
: than $200000?). There are different lines on 1040 to report these income. (
: don't report dividend on capital gain).
: If you got 1099-INT, my guess is your bank invested the money in CD's, but I
: could be wrong. Ask your bank.
:
: fund
: report
O*A
12 楼
You will find out how much interest, dividend and qualified dividend you
earned when you receive 1099 forms from your bank.
【在 f****t 的大作中提到】
:
: less
: only qualified dividends get 15%, and ordinary dividends are counted as
: regular income? The forms from the bank will specify which are interests,
: which are ordinary dividends, which are qualified dividends?
: I
: thanks for this hint. I never thought about this possibility.
earned when you receive 1099 forms from your bank.
【在 f****t 的大作中提到】
:
: less
: only qualified dividends get 15%, and ordinary dividends are counted as
: regular income? The forms from the bank will specify which are interests,
: which are ordinary dividends, which are qualified dividends?
: I
: thanks for this hint. I never thought about this possibility.
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