It depends if you received qualified dividends (reported in box 1b). Box 1a shows all dividends received. If all of the dividends received were qualified dividends then box 1a and box 1b will be the same. Please see 1099-DIV Instructions for additional details.
Qualified dividends are a special type of dividend that often receive preferential tax treatment. They’re taxed as long-term capital gains (the rates are 0%, 15%, and 20%).
In order to be considered qualified dividends, they must:
- Be paid by an American company or a qualifying foreign company
- Be paid between January 1, 2022 and December 31, 2022
- Meet the holding period requirement for the stock—the holding period is at least 61 days during the 121-day period that begins 60 days before the ex-dividend date (the day after a company announces its dividend payments to shareholders)
Please see Where do I enter my 1099-DIV in TurboTax Online? for additional information.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"