topic Re: Dividend reclass in Get your taxes done using TurboTax

Dividend reclass

RK2025 — Wed, 26 Mar 2025 18:14:03 GMT

what screen or section do i use on the web version of the TT software to enter something into line 4g of IRS Form 4952? I want to reclassify a portion of my qualified dividend as ordinary dividend or investment income. Nobody from TT has been able to help me on this so far. Thank you.

Re: Dividend reclass

RobertB4444 — Wed, 26 Mar 2025 18:40:30 GMT

When you enter the 1099-DIV into TurboTax the very next screen has three options. The second option is "I need to adjust these dividends". Adjust the dividends there and that will carry the amounts to the appropriate form.

@RK2025

Re: Dividend reclass

RK2025 — Wed, 26 Mar 2025 19:18:26 GMT

that doesnt work. tried all permutations and combinations. it doesnt appear on line 4g of Form 4952.

Re: Dividend reclass

DaveF1006 — Wed, 26 Mar 2025 19:53:59 GMT

The TurboTax online version does not allow you make this adjustment. You may purchase the software and you can enter an amount on 4G of Form 4952. If you are interested in switching, you can perform the following steps.

Log into TurboTax
Open your return
Go to tax tools
Tools
Save my 2024 return to my computer.

After this first step is complete.

Install and/or open your 2024 TurboTax Desktop.
- If you have not purchased TurboTax Desktop software, select the product you need to complete your return.
- Important: If your return includes a state, make sure you also install the corresponding state program(s) in order to proceed.
Select Continue From TurboTax Online.
Sign in to your Intuit Account.
Your data will be imported into TurboTax Desktop, and your return will open once data transfer is complete.

Re: Dividend reclass

RK2025 — Thu, 27 Mar 2025 04:29:12 GMT

I already paid for an online version. Can I change that to the desktop version?

Re: Dividend reclass

DaveF1006 — Thu, 27 Mar 2025 12:36:26 GMT

Yes, but contact Customer Support so they can credit you with your online purchase and provide you with download instructions.

Re: Dividend reclass

RK2025 — Thu, 27 Mar 2025 18:42:59 GMT

Why is this not allowed or made available in the online program? Who can I talk to about making that happen?

Re: Dividend reclass

RobertB4444 — Thu, 27 Mar 2025 20:00:30 GMT

After you enter a 1099-DIV there is a section that allows you to adjust the amounts on your form. If you are trying to change the amounts on your 1099-DIV then you should just change them directly on the 1099-DIV.

@RK2025

Re: Dividend reclass

RK2025 — Fri, 28 Mar 2025 01:36:05 GMT

Apparently that’s not the correct way to do it. The correct way according to IRS is to enter the amount you want to reclassify on line 4g in form 4952. Just modifying what’s on the 1099-DIV doesn’t result in an entry in line 4g on form 4952 and none of the options on the screens after entering the 1099 -DIV do that either. I spent 2 hrs on the phone with a TT tax preparer expert who also tried several other methods and couldn’t get it to work. There just isn’t a provision on the online software to make anything appear on line 4g in form 4952. Quite a glaring flaw in my opinion and something that needs to be fixed, but getting to the right person or team in TurboTax to influence that seems like an impossibility.