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Get your taxes done using TurboTax
Delete your 1099 DIV entry. Take note of what the tax-due amount is before you delete it. If it is the same as it was before you placed the amount in Box 1A, then you know that the program didn't calculate a tax due until you added an amount in Box 1A.
Now prepare a 1099DIV entry recording the same amounts in Box 1A and 1B. Since it is the same amount, you will be taxed at the capital gains rate and not ordinary income.
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March 25, 2025
5:12 PM