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They're not entirely just plain old dividends. You'll see it on your 1099. Some of the distributions are classified as cap gains/losses, returns of capital (nontaxable), interest (plain old ordinary income), and then dividends, (some qualified, some not). Be sure to file for the foreign tax credit as well when you fill out the tax forms.
Dec 26 17:14 pm
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All Comments by buyitcheap »Alberta Acts to Reduce Oil Royalties [View article]
If none of the above sounds like English - find a good CPA. Best of luck!