jq26 Posted January 31, 2009 Report Share Posted January 31, 2009 Just throwing this out there to anyone who may know- I'm preparing a summary for my accountant so he can put together my Schedule D. I received a $1657 capital gain distribution from an ultrashort fund I held in December '08. Clearly its STCG. However, on my 1099-DIV Scottrade reported it to the IRS as an ordinary dividend. Any reason why they would do this? If a dividend, then I owe over $400 of tax on it. It is STCG, then its written off against STCL and I owe nothing. Which is it? ProShares claims its cap gain, Scottrade claims its dividend. Quote Link to comment Share on other sites More sharing options...
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