It appears that dividends can be ordinary or qualified and ordinary? I tried entering dividends as qualified only into turbo tax and it didnt allow me to enter as qualified only. I was hoping to test to see how qualified dividends were taxed. Turbo Tax said that qualified dividends had to be less than ordinary. How can I obtain up to $40000 dividends with no taxes if I cant enter dividends as qualified only.

8990. Do I need to submit this form if I am only a passive investor in deals? It appears that this form can only be filled out by the lead investor (syndicator) since I don't have access to much of the info that the 8990 requires.