Using Turbo Tax online.
The income summary page lists interest and dividend income as a line item.
The only way I can arrive at the total TurboTax is reporting is by adding Ordinary Dividend & Qualified Dividend. But that is not how it's supposed to work.
If I understand the tax law correctly, qualified dividend (box 1b of 1099-DIV) represents the portion of ordinary dividend (box 1a) that may be eligible for reduced capital gains rates. In other words you don't add 1a & 1b.
Why is Turbo Tax adding 1a & 1b?
