Where do I file a Combined Tax Statement for Forms 1098, 1099, 5498 for Year 2020?

[saradennis1980]

There is a line that Nonemployee compensation 1 $1500.00
I have no idea if I have to file this???

[MaryM428]

Form 5498 is for informational purposes only. You are not required to file it with your tax return. 

Save it with your 2020 tax records.

[SG093]

Im doing my taxes for the first time since we have had investments.  An accountant has done it in past years

and I'm lost. 

I don't know what I need to report:  int.  Int income and Interest on US Treasury obligations

1099 DIV. Total Ordinary Dividends, Qualified Dividends, Total Capitalization gain distribution, non dividend distributions section 199A dividends

I think I'm in over my head

[DianeW777]

You can do it.  The interest and dividends will be handled accurately simply by entering the documents.  TurboTax will calculate the appropriate amounts for both qualifying dividends, and Section 199A dividends.

Likewise the US Treasury bond interest will be tax-free on your state return by indicating the appropriate information in the federal and the state return. Every state has a slightly but similar interview, watch the screens for any question relating to the bond interest.

1099-INT:

1. Open (continue) your return if it's not already open.
2. Inside TurboTax, search for 1099-INT and select the Jump to link in the search results.
3. Answer Yes to Did you receive any interest income?
   • If you see Here's the interest we have so far, select Add interest income.

1099-DIV:

1. Open or continue your return.
2. Search for 1099-DIV and select the Jump to link in your search results.
3. Answer Yes to Did you receive any dividend income?
4. Choose your bank or brokerage from the list to import your 1099-DIV and select Continue or manually enter your 1099-DIV  by selecting I'll type it in myself.
5. Follow the on-screen instructions to enter your 1099-DIV.

If you have any issues with your state return or other questions we have many experts here to help.