Hi, I have imported my 1099 Comp. form, however, one of the numbers from the 1099 DIV form - 1a Total Ordinary Dividends - is more than what is listed on the 1099-DIV

Forum|Forum|5 years ago
March 31, 2021
6 replies
27 views

"Dividends on 1099-DIV" under "Your income"
So, I am trying to figure out what dividend on form 1099-DIV was added to my 1a Total Ordinary Dividends. There's 3 possibilities: box 3: Nondividend Distributions, box 5: Section 199A Dividends, or box 11: Exempt-interest Dividends. Which of the 3 would be added to 1a Total Ordinary Dividends?

TurboTax Live Premier Online

SteamTrain

Level 15

On the "Online" software's Your Income page, only box 11 adds to box 1a to give the total shown there.

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*

nickembrunAuthor

Level 2

Solved:

From my broker issued Form 1099-DIV, Box 3 Nondividend Distributions was added to Box 1a Total Ordinary Dividends to calculate the value for "Dividends on 1099-DIV" on the Turbotax page "Your income."

I deleted and reimported my 1099 Comp from my broker and Turbo tax calculated the value to the cent, then rounded the number up to the value I see now under "Dividends on 1099-DIV."

More specifically, the calculation was:

Box 1a Total Ordinary Dividends, $811.20

Box 3 Nondividend Distributions, $12.92

= $824.12 (this value appeared after I imported my 1099s, then Turbotax rounded it up to $825, which is the value that now appears under "Dividends on 1099-DIV" on the "Your income" page)

I reviewed the entire tax return with a Turbotax rep. and they confirmed that this is what occurred. The final version of my Turbotax form submitted to the IRS shows only the $811.20, which matches with the figure on the 1099s submitted to the IRS by my broker.

SteamTrain

Level 15

Interesting....I put in some $$ to box 3 yesterday, and $26 into it this morning, and it had no effect on that number total showing on the Your Income page. BUT, it was not an imported form.. it was a manually-entered 1099-DIV with only box 1a and 11 with values in there before I added in the box 3 $$.

Not really critical as long as the proper $$ show up on the proper lines on the form 1040.

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*

jo35

Level 2

Where are the total dividends from section 199a box 5 in the turbo tax form?

ThomasM125

Level 15

The total of the entries for box 5 on your 1099-DIV statement will appear on form 8995 (Qualified Business Income Deduction Simplified Computation) on line 6.

If you are asking where you enter the box 5 number from your form 1099-DIV, you will see it when you click on the box below the box 1 entry in TurboTax that says My form has info in more than just these boxes.

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