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Level 3
posted Apr 7, 2021 9:45:09 AM

Do you have to use a different line for dividends, 199 div, and capital gains? Can all of it be added together on a Hall tax form in TN.

I have qualified dividends, non qualified dividends, short term and long term capital gains, specified private activity interest dividends and section 199A dividends.  Does each require a different line?

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3 Replies
Expert Alumni
Apr 7, 2021 10:07:43 AM

Yes, you should enter them separately.  In addition you should receive a (1099-DIV, 1099-B, 1099-INT...) for all of those transitions and TurboTax will guide you in entering the information.

 

Report these documents as shown below:

  1. A 1099-DIV--that gets reported in TurboTax under Interest and Dividends
  2. A 1099-INT--that also gets reported under Interests and Dividends
  3. A 1099-B--that gets reported under Investment Income

-follow this link for additional information-

What is Form 1099-B: Proceeds from Broker ... - TurboTax

Level 3
Apr 7, 2021 10:11:24 AM

Is this on the Tennessee Hall tax form INC 250?  Each must be on a different line?  Thanks!

Level 9
Apr 8, 2021 7:52:54 AM

Yes, TN INC 250 is the correct form.  Here's a link to the TN Hall Income Tax Form INC 250.  The taxable dividends and interest go on Schedule A, and you list the income type, description and amount of each one separately.  On Schedule B, you list any non-taxable dividends and interest in the same way.  

 

@demitx475