To report this 1099-Div so that you are not double-taxed, but still comply with IRS reporting requirements, do the following:
- Go to Wages & Income on the left panel within TurboTax
- Select +Add more income and scroll down to Investments and Savings
- Click the down arrow to expand and click Start to the right of Dividends on 1099-Div
- Click on +Add investments, then select the Dividends box and Continue
- Enter the information from the 1099-Div, then Continue
- Check the, "I need to adjust these divdends or this is an EOP distribution" box
- Select, "I need to adjust these dividends", then Continue
- In the "Tell us about your dividend adjustment" section, enter the adjustment amount, which is the dividend amount
- Select "Other adjustment, including restricted stock dividends reported on W-2", then Continue
Note: Be sure to compare your Form 5498, once received, to ensure that the dividends were included in the rollover amount.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
