it may count as a qualified dividend and be taxed at the lower capital gains tax rate. The IRS Form 1040 instruction book contains a worksheet for qualified dividends and capital gains.

1250 gain is reported. Those taxpayers would check “Yes” on line 20, which directs them to complete the Qualified Dividends and Capital Gain Tax Worksheet, and would not use the Schedule D Tax ...

However, the worksheet is retained by the taxpayer ... The form also has separate lines for qualified REIT dividends and PTP income or loss, plus a separate line for the net capital gain limitation ...