short-term capital gain dividend
Defined in 1 dictionary — U.S. Code
United States Code
26 U.S.C. § 871 — for purposes of this section (3 versions over time)
Except as provided in clause (ii), the term “short-term capital gain dividend” means any dividend, or part thereof, which is reported by the company as a short-term capital gain dividend in written statements furnished to its shareholders.
26 U.S.C. § 871 — for purposes of this section
If the aggregate reported amount with respect to the company for any taxable year exceeds the qualified short-term gain of the company for such taxable year, the term “short-term capital gain dividend” means the excess of—
(I) the reported short-term capital gain dividend amount, over
(II) the excess reported amount which is allocable to such reported short-term capital gain dividend amount.