DianeW777
Expert Alumni

Get your taxes done using TurboTax

Yes, you are correct. The adjustment is used to remove the dividends from being taxable on your return, and there is no special form to make detailed explanations.

 

If the IRS does have a question, you would receive correspondence from them much later in the year. Be prepared by keeping all necessary information in your tax return files.

 

@syoung123 

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