ThomasM125
Employee Tax Expert

Get your taxes done using TurboTax

It may be because the dividends did not meet the required holding period. It seems you have to hold stock for a minimum of 60 days for the dividends to be considered qualified. That information may have been downloaded from your broker as a part of the Form 1099-DIV. The adjustment would be made after the qualified dividends were entered on the Form 1099-DIV, which may report the full amount of qualified dividends before the adjustment. You should review your Form 1099-DIV supplemental information to see if there is mention of this.

 

You will see these screens in TurboTax:

 

[Edited 2/27/24 at 2:40 PST] @dad6421-aol-com 

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