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Get your taxes done using TurboTax
Nope...it is all doing it correctly as long as you entered your total dividends in box 1a for the 1099-DIV, and the sub-portion that were also "Qualified" in box 1b.
Now...if you are looking at your form 1040, yes...the total of all of them go onto line 3b.....even the qualified part that are shown on line 3a.
And YES, it all adds into the AGI number.....BUT, the tax software knows to use special tax calculations to break out the Qualified part (Plus capital gains) for special treatment.........as long as you entered the proper Qualified $$ part in box 1b of any 1099-DIV forms you have.
____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*
March 8, 2025
4:29 PM