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Get your taxes done using TurboTax
I compared overall numbers with and without 1099-DIV , the taxable income jumps by $32K. Nothing else changed on the return between the two
No 1099-DIV
Gross Income $ 309,414.00
Taxable Income $ 267,169.00
Total Tax $ 51,283.00
Total Payments/Credits $ 41,110.00
Payment Due $ 10,173.00
Effective Tax Rate 16.23%
1099-DIV
Adjusted Gross Income $ 342,234.00
Taxable Income $ 299,989.00
Total Tax $ 58,236.00
Total Payments/Credits $ 41,110.00
Payment Due $ 17,126.00
Effective Tax Rate 16.35%
‎April 15, 2025
2:28 PM