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Level 2
June 1, 2019
Solved

Possible Dividend glitch

  • June 1, 2019
  • 22 replies
  • 84 views

When we input our SMALL dividend amount of $600, it takes us from receiving a refund of $1600 to OWING $500?!! THis makes no sense.

Best answer by MichaelL1

For EITC you cannot have investment income exceeding $3,500, so if you see a big drop in refund amount first make sure all the entries are correct in the Dividend and Interest income areas.


22 replies

MichaelL1
Level 15
June 1, 2019
Great thank you and my pleasure, I am just happy you are OK now.  I will post a very short answer so others know this is taken care of.
MichaelL1
MichaelL1Answer
Level 15
June 1, 2019

For EITC you cannot have investment income exceeding $3,500, so if you see a big drop in refund amount first make sure all the entries are correct in the Dividend and Interest income areas.