When a taxable brokerage account is transferred from one broker to another and as the old broker receives( and in turn forward to new broker) the dividend after the transfer as Dividend pay date is after the transfer, but ex-dividend date was before the transfer date.
So question is who report the dividend on 1099 for at the year end ?
Second question, as a dividend is considered qualified-dividend if stock is held for more than 60 days? How does the old broker will know that the stock was held for another 60 days?
Common stock investors must hold the shares for more than 60 days during the 121-day period that starts 60 days before the ex-dividend date, or the date after the dividend.