1099 forms from stock trading contain qualified and non-qualified
dividends.
Base on what
I understand, these values are not accurate and should not be used since
qualified dividend needs to meet a holding period.
1. I don’t
see Turbotax ask or give any hint to declare qualified dividend. Turbotax just
import all data from broker (give Turbotax username and password, then it log in and auto import). This situation put the users to the risk of violate the holding
period.
2. If this
is Turbotax limitation, I must manual calculate what items are qualified, what
are not. If so, how can I enter these values to Turbotax?
3. The qualified dividends that manual calculate will be different with qualified dividend list in 1099 form from broker. Does it trigger any flag from IRS?
Thank you.
