Character
Also written tax character.
How income is classified for tax: qualified, ordinary or interest, capital gain, or return of capital.
Definition
How a distribution is classified for tax: qualified dividend, ordinary dividend, capital gain or return of capital. A fund reports it on Form 1099-DIV after the year ends; the Tax Center splits each payment by it.
Definitions describe how YieldDesk reads the term. Nothing on this page is investment advice or a recommendation to buy, sell or hold.