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I have qualified dividends (1040 line 3a) and ordinary dividends (1040 line 3b). Amount in 3b is added to income and taxed accordingly. Where is amount in line 3a used?
I see that qualified dividends amount is used in Qualified Business Income Deduction worksheet but I don't think that is all. Am I missing something?
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March 17, 2021
12:00 PM