brownie3
Returning Member

Get your taxes done using TurboTax

TurboTax put us into for 1040-SR.  We input the dividends correctly and the Qualified Dividends and Capital Gain Tax Worksheet shows the calculations.  We called the IRS and they said there has been a lot of trouble with TurboTax and qualified dividends and that we had to pay.  I researched how qualified dividends are taxed like capital gains and based on the income level the capital gains rate is 0%.  On Form 1040-SR the qualified dividends are on line 3a and are also on line 3b.  All our dividends were qualified on each 1099 received