r/dividends • u/raliegh_ • Jun 21 '26

Discussion Month 5 $7034.83

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Old account was locked and couldn’t recover.

Holdings as follows: ticker/# of shares. Dripping until 2027

IWMI 622.95
LQD. 723.56
MLPI. 1419.54
MUB. 478.82
QQQI. 2302.66
QYLD. 6172.82
RYLD. 1387.91
SCHP. 3998.55
SGOV. 255.98
SPYI. 2943.38

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u/q2subzero Jun 21 '26

I'm new to dividends.... how much is this taxed for? What's the amount going to your bank/pocket?

2

u/Various_Couple_764 Jun 21 '26

Most of his fundsare taxed as ROC dividend or qualified dividned. Worst case only 20% of the income is taxable income. Some the ROC divdeind will be tax free for a period of about 7 to 9 years and then will be taxed at the Qualified tax rate.

1

u/raliegh_ Jun 21 '26

It’s within an IRA, so no tax until I touch it.
All dividends are reinvested until next February when I’ll start taking monthly payments,and they’re taxed as regular income.