Determining whether dividends are qualified: Does TurboTax check the ex-dividend dates vs. stock purchase/sale dates and dividends earned?

[Anonymous]

I've imported 1099s from my financial institutions which contain the detailed stock sales (including purchase and sale dates) and the dividends earned. I'm wondering if there's an easy way to figure out if dividends are qualified. The alternative appears to be looking at each stock sale, looking up all of the ex-dividend dates for that stock, and manually calculating whether I held the stock for at least 61 days over the period beginning 60 days prior to the ex-dividend date and ending 60 days after the ex-dividend date.

[RayW7]

Qualified dividends will be listed separately on your 1099-DIV statement. 

Your financial institution will break out the qualified dividend on your  1099-DIV.  Box 1a is for Ordinary Dividends and box 1b is for qualified dividends.

Enter all the boxes from your 1099-DIV and TurboTax will handle the allocation of these two amounts.  

for additional information follow this link-

Video: Taxes on Dividends Explained - TurboTax Tax Tips ...

[fanfare · Accepted solution]

@RayW7 

Qualified dividends box on 1099-DIV only means amounts with potential to be qualified dividends.

The calculation requested by @Anonymous  is not done.

The investor has to do it and enter the correct amount.

[Anonymous]

Thanks, that's unfortunately what I expected. I conclude that I will need to import the stock buy/sell dates and dividend dates into a spreadsheet and then run some formulas to calculate which of the dividend payments listed as qualified by my financial institution on the 1099 don't meet the criteria for the holding period.

[fanfare]

you must like Excel.

most filers are not that fastidious.