MelindaS1
Expert Alumni

Get your taxes done using TurboTax

I would love to say that, yes, since all your dividends are qualified dividends (in theory), that you should be able to multiply the U.S. % by the qualified dividend amount in box 1b - assuming you live in a state that does not tax U.S. federal interest - to calculate your state-tax-exempt dividend amount; but you may need to request a corrected 1099-DIV statement in order to complete your tax return. Box 1b is supposed to be a portion of box 1a, which is supposed to equal the total of all the rest of the dividend types on the form.

 

If you have not yet received your 1099-DIV statement, and you are gleaning this information from a year-end investor summary, then you should hold off to complete your tax input until you receive the proper forms. 

 

If you're waiting on a corrected dividend statement, you may consider filing for a federal and state deadline extension in the meantime. 

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