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State tax filing
It would be best to enter the Form 1099-DIV as if you received two separate Form 1099-DIV, one for taxable and one for non-taxable.
The method that follows can be done for both taxable and tax-exempt, and do it all one process representing the totality of the Form 1099-DIV but for documentation it is advisable to act as if two separate 1099-DIV were received. So text after tax-exempt discussion.
Then, for the Tax-exempt, the process involves:
- In Box 11 of the entry, right click on the field (or CTL-I)
- Open "Supporting Details" sheet
- Enter gross tax-exempt dividends on first line,
enter as a negative adjustment, to roll-out to the 1041, the amount of dividends received by the Estate,
make sure to include the detail with the Estate's EIN
Note that the line reading "in nominee" should be reported exactly on the Form 1041 Divident entry.
This does not work as well for taxable dividends because TurboTax does allow the Supporting Details sheet for Box 1 Taxable Dividends but not for Box 1b Qualified Dividends, so the best process is to again split the taxable dividends into those allocated to the Estate of the decedent to be reported on the Form 1041, and as if a separate 1099-DIV was received with only the dividends belonging to the live taxpayer. Note the instruction about then reporting the taxable and qualified dividends on the Form 1041
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