- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
1099 div
If the 1099div has the same amount in box 1a (ordinary) and box 1b (qualified): when manually inputting the 1099div in Turbo Tax, do I input the 2 figures in 1a and 1b or only 1b (qualified)? Thanks.
March 10, 2021
6:06 PM
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
You must enter ordinary dividends and qualified dividends separately. The form 1099-Div is used to report dividend income The ordinary dividend is reported on box a of 1099-Div while qualified dividend is reported on box b. A qualified dividend is taxed at the capital gains tax rate, while ordinary dividends are taxed at standard federal income tax rates.
March 10, 2021
6:27 PM
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
Thanks, JoannaB2. I really appreciate your reply.
March 10, 2021
8:22 PM