TT is asking this question since, based on IRS instructions relating to RICs and REITs, If any part of the total ordinary dividends reported in box 1a is qualified dividends, report the qualified dividends in box 1b.
Qualified REIT dividends.
Certain taxpayers are entitled to a deduction under section 199A computed by reference to several types of income, including qualified REIT dividends. A qualified REIT dividend is generally a dividend from a REIT received during the tax year that is not a capital gain dividend or a qualified dividend.
See Detailed Instructions from IRS below. Scroll to the Section on RICs and REITs.
Instructions for Form 1099-DIV
@LisaRose L
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
