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Get your taxes done using TurboTax
I have a fund in a brokerage account so the 1099-DIV combines all the funds in the account. So it has 1a "ordinary dividends" and 1b "qualified dividends" for all funds combined.
In a later detail section, it provides the breakdown for specific funds in categories like: long-term cap gain, nonqualified dividend, qualified dividend, short-term cap gain, foreign tax withheld. Another section gives the US Gov percentage for each fund.
I know I should multiply the "ordinary dividends" by the gov percentage, but am not clear on how to get the ordinary dividends from the nonqualified and qualified dividend numbers. Can you clarify?
In a later detail section, it provides the breakdown for specific funds in categories like: long-term cap gain, nonqualified dividend, qualified dividend, short-term cap gain, foreign tax withheld. Another section gives the US Gov percentage for each fund.
I know I should multiply the "ordinary dividends" by the gov percentage, but am not clear on how to get the ordinary dividends from the nonqualified and qualified dividend numbers. Can you clarify?
‎June 4, 2019
8:20 PM