BobKamman
Level 15
06-17-2020
03:47 AM
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I don't think this came from a broker, I think it came from the company itself, whose bookkeeper may also drive the backhoe and be an owner's son-in-law. The same dividend can't be both "qualified" (for the LTCG tax rate) and Section 199A. Ask the client if the company later sent out a corrected 1099-DIV, or is aware of the problem.