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?

898

Level 15

Jun 1, 2019 12:51:45 PM

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.

Level 15

Jun 1, 2019 12:51:47 PM

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.

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

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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?