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Old 02-01-2016, 10:27 PM
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C-Corp dividends ordinary or qualified?

Privately owned C-corp has two equal s/h that are also the sole officers as well as employees. Ending tax year with $40k net profit on which federal and state corporate tax will be paid. Shareholders want to take dividends. My memory tells me that these are qualified dividends and would be taxed at the same rate as net capital gains (0%, 15% or 20%). However, a few articles I've read list them as ordinary dividends taxed as regular income. Can you clarify?



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