turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

jim-macek
New Member

1099-DIV - Box 1a vs Box 1b. My 1099 only has Box 1b filled-in and TT doesn’t like that. What to do..?

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

2 Replies

1099-DIV - Box 1a vs Box 1b. My 1099 only has Box 1b filled-in and TT doesn’t like that. What to do..?

You can call the issuer to verify that all dividenda are qualified. If so, enter the same amount in Box 1a. 

 

From 1099-DIV instructions.

Box 1a. Shows total ordinary dividends that are taxable. Include this amount on
the “Ordinary dividends” line of Form 1040 or 1040-SR. Also report it on
Schedule B (Form 1040), if required.
Box 1b. Shows the portion of the amount in box 1a that may be eligible for
reduced capital gains rates

AnnetteB6
Employee Tax Expert

1099-DIV - Box 1a vs Box 1b. My 1099 only has Box 1b filled-in and TT doesn’t like that. What to do..?

To re-iterate the advice given by leeloo, you should contact the Form 1099-DIV issuer and request a corrected form.  

 

If there is anything shown in box 1b, that same amount or a larger amount should be shown in box 1a as well.  You cannot have qualified dividends without those also being considered ordinary dividends.  

 

@jim-macek

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

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question