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?
You'll need to sign in or create an account to connect with an expert.
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.
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.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
ruralakay
Level 2
whataboutzepa
Level 1
Gamze
Level 3
selfprepper
Level 2
ashughes
Level 1
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.