Upon reviewing my Ameritrade taxable account statement, I see they are classifying dividends on my ETF's as ordinary dividends. These are VTI, VBR ,VFH and other indexes that hold only US stocks. They classify individual US stocks as qualified dividends, subject to a lower tax rate. I was unaware ETF's were treated differently for tax purposes. Is this inaccurate reporting by the brokerage or is this true information. This would be a consideration for one deciding whether to abandon individual stocks for a lazy ETF portfolio.
