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1. Briefly describe the requirement for dividend income to be eligible for Qualified Dividends designation 2. What form is used to report Qualified Dividends to

1. Briefly describe the requirement for dividend income to be eligible for "Qualified Dividends" designation

2. What form is used to report Qualified Dividends to a taxpayer?

3. How do the qualified dividends taxed? At what rate?

4. What form and/or worksheet is used?

5. What is the major difference b/w taxation of ordinary dividends vs. qualified dividends?

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