Q Dividends and Royalties
Dividend and royalty payments made directly to the participant as a share of profit are countable.
NOTE Dividend and royalty payments can be received irregularly.
Dividends are generally received by owners of stocks or bonds in a corporation. Dividends represent a share of the distribution of a corporation's profits.
(See
Credit Union Account for dividends paid on credit union savings accounts)
Royalties are generally received by one of the following:
●Owners of land, grazing interest, mining or oil lease
●Inventors
●Authors
●Composers
Key the IR PY Unearned Income Code in the INC TYP field on UNIC.
Funds left on deposit or converted into additional securities are not countable. (See
Dividends & Royalties - FIAC)
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Funds left on deposit or converted into additional securities are countable.
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Key the IR ND Unearned Income Code in the INC TYP field on UNIC.
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