BobKamman
Level 15

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.