- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Qualified dividends error
There seems to be an error with the 1099-Div qualified dividend's tax calculations. When I enter the amount of my dividend the tax liability decreases when it should increase. In other words it seems TT is treating this as a deduction and not income. So I enter $10,000 as a qualified dividend in box 1b on the 1099-Din and my refund amount increases significantly instead of decreasing. If I enter the same amount in either box 1a or 2a my tax liability increases as it is supposed to do. It seems only Box1b has an error. I am using TT 2020 Home and Biz download for Mac.
‎January 31, 2021
10:45 AM