TDW: TXPDDV vs DIV
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Thread: TDW: TXPDDV vs DIV

  1. #1
    Member
    Join Date
    Apr 2009
    Posts
    56

    TDW: TXPDDV vs DIV

    I'm going through almost a years worths of monthly statements updating/creating my own portfolio spreadsheets and have come across TXPDDV and DIV. I know both are dividends, but can anyone tell me the difference between them and how they are handled at tax time?

    Thanks!


  2. #2
    Senior Member
    Join Date
    May 2009
    Posts
    426
    There is no guarantee that the designation showing will be the eventual designation on your year-end tax slip. Often brokerages use default designations for convenience. What they calculate for the tax slip may vary.

    I presume you know what a dividend is. The Tax Paid Dividend reflects a cash transfer which you will not have to include in your personal tax return. Sometimes it is a capital gains distribution where the tax has already been paid within the company. Or it may reflect ROC return of capital distributions from income trusts, etc.


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