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Deductions & credits
If the dividends are ordinary dividends then they are taxed at your regular income tax rate. Only qualified dividends are taxed at a favorable rate (entered in box 1b on 1099-DIV). You might want to check if the dividends you received meet the requirements to be qualified dividends. Please see 2020 Publication 550 Page 19 for details.
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May 2, 2021
1:24 PM