turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

jcoxtt
New Member

After import of TDA 1099DIV, all dividends from 1 are put the Tax Ordinary Div block even though TDA says 1b Qualified Divs are included in block 1. Is this right?

TTAx appears to put all Dividends including Qualified dividends from TD Ameritrade import into the Ordinary dividend block.  For example, TDA 1099Div states that block 1 with Ordinary Dividends is 1200, while 1b of Qualified Divs in 1000. The TDA form states that 1b is included in 1.   TTax puts 1200 in the Ordinarhy Div block.  Is this correct?

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

2 Replies

After import of TDA 1099DIV, all dividends from 1 are put the Tax Ordinary Div block even though TDA says 1b Qualified Divs are included in block 1. Is this right?

That is correct ... you received a total of $1200 of dividends  OF WHICH  $1000 qualify for special tax treatment which is why it is broken out of that gross total in that manner.  

After import of TDA 1099DIV, all dividends from 1 are put the Tax Ordinary Div block even though TDA says 1b Qualified Divs are included in block 1. Is this right?

That is correct...Total is in 1 (actually 1a in the software form)....the sub-portion that is eligible for special tax treatment is  in 1b.  

1b is always part of 1a....so 1a must always be greater than, or equal to 1b.  

If 1b is ever greater, then you'll get an error generated that mus be corrected.

____________________

1200 is total (taxable) dividends....of that amount, 1000 is eligible for special tax treatment.

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies