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james1everett
New Member

Can the investment intrest section to ask me for my election of how I want to treat qualified dividends and cap gains to maximize deduction? I have tried for hours.

 
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IsabellaG
Employee Tax Expert

Can the investment intrest section to ask me for my election of how I want to treat qualified dividends and cap gains to maximize deduction? I have tried for hours.

I see another question like this, where the customer wound up using a download/cd version of TurboTax and making the election directly on Form 4952. Another work-around for this would be to not enter your dividends as qualified, which would result in you being able to maximize your investment interest deduction.

https://ttlc.intuit.com/replies/5160380

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IsabellaG
Employee Tax Expert

Can the investment intrest section to ask me for my election of how I want to treat qualified dividends and cap gains to maximize deduction? I have tried for hours.

I see another question like this, where the customer wound up using a download/cd version of TurboTax and making the election directly on Form 4952. Another work-around for this would be to not enter your dividends as qualified, which would result in you being able to maximize your investment interest deduction.

https://ttlc.intuit.com/replies/5160380

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post

james1everett
New Member

Can the investment intrest section to ask me for my election of how I want to treat qualified dividends and cap gains to maximize deduction? I have tried for hours.

Thank you it is pretty dissapointing this is a known issue that you guys haven't programmed a correction for.  It coukld be costing your customers a significant amount of money if they are not catching it.
IsabellaG
Employee Tax Expert

Can the investment intrest section to ask me for my election of how I want to treat qualified dividends and cap gains to maximize deduction? I have tried for hours.

I will pass this information along.
**Say "Thanks" by clicking the thumb icon in a post
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wlh
New Member

Can the investment intrest section to ask me for my election of how I want to treat qualified dividends and cap gains to maximize deduction? I have tried for hours.

using TurboTax Premier and following the above directions, I don't get a screen that allows me to "make a capital gain election"....the only workaround I can figure is to deduct the necessary amount from the qualified dividends number
fanfare
Level 15

Can the investment intrest section to ask me for my election of how I want to treat qualified dividends and cap gains to maximize deduction? I have tried for hours.

to tale advantage of form 4952, you have to know what you are doing.
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