ETF LT cap gains on IB stmt as Dividend

Discussion in 'ETFs' started by rayl, Jul 15, 2007.

  1. rayl

    rayl

    OK, with some June ETF distributions of LT cap gains, I noticed that they appear simply as "Dividend" on my IB stmt. Can I trust that this is just a limitation on the stmts and that they will correctly be accounted for at 1099 time?

    (Well, I will actually check then. I guess what I'm really asking is if someone who's an ETF holder at IB can confirm that this is merely a limitation in what the stmt shows, i.e., I should not immediately point out that a distribution is really a LT cap gain and should be corrected to show as such on the stmt.)