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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
Expert Alumni

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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5 Replies
IsabellaG
Expert Alumni

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"

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
Expert Alumni

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.
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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

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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