If your 1099-DIV states that Box 1a (ordinary dividends) includes Box 1b (qualified dividends), you should enter the exact amounts from both Box 1a and Box 1b into TurboTax. This ensures the correct tax treatment, as qualified dividends are taxed at a lower rate than ordinary dividends
- If Box 1b is Blank: Leave Box 1b blank in TurboTax. If you believe this is an error, contact the issuer to reissue the 1099-DIV with the correct information
Why Separate Reporting is Important
Qualified dividends are taxed at a lower rate than ordinary dividends, so it's important to report them separately to ensure you receive the correct tax treatment
For more detailed instructions, you can refer to TurboTax Instructions for Form 1099-DIV
