Thank you very much for your reply.
Your example is exactly as I entered and I agree that the correct amounts are reported on:
- Form 1040 lines 3a and 3b
- Form1040 Schedule B Interest and Ordinary Dividends Part II
- Form 8995 Line 12
The question I have is Form 8995, Line 6. The amount on Line 6 is the exact amount entered on the 1099-DIV and shows no adjustment. Should this amount be adjusted by the same percentage as all of the other amounts on the 1099-DIV?
On Form y example is reporting an IRS Form 8995 Qualified Business Income Deduction Simplified Computation. In my example, the correct amount is reported on line 12 Net capital gain. Is this the entry that you are not seeing reported correctly?
