I have received my 1099-Div from my mutual fund. When I enter
box 1a: $7,116.46
Box 1b: $ 2,115.01
Box 1C: $4,957.32
I owe additional $2,822 in taxes. The looks like I am owing 40% taxes on my 1099-DIV. I am married filing jointly and zero deductions. Is this correct?
Thanks
