topic This is helpful. Where do we go from here? in Get your taxes done using TurboTax

What is the difference between "ordinary dividends" vs "qualified dividends"?

flipdoggy1 — Fri, 07 Jun 2019 21:55:41 GMT

Which must I pay tax on? Ordinary? Or Qualified dividends?

Both ordinary dividends and qualified dividends are taxab...

jerry2000 — Fri, 07 Jun 2019 21:55:47 GMT

Both ordinary dividends and qualified dividends are taxable.

Ordinary dividends are taxed at your ordinary income tax rate.

Qualified {because the company issuing the stock meets certain defined requirements} dividends are taxed at your lower long term capital gains rate (either 0% or 15%)

This is helpful. Where do we go from here?

genobizz — Fri, 07 Jun 2019 21:55:48 GMT

This is helpful. Where do we go from here?

I no longer use a professional to do my income tax return...

genobizz — Fri, 07 Jun 2019 21:55:51 GMT

I no longer use a professional to do my income tax return. That was for 2012.

My financial life suffered a great deal in 2013. I could not afford the $350.00 fee I was charged in 2012. I am fairly intelligent. I will almost enjoy doing it myself with Turbo Tax.

I thought I commented several times,Can we get to doing s...

genobizz — Fri, 07 Jun 2019 21:55:55 GMT

I thought I commented several times,Can we get to doing some paper work?

I'm ready to go but have limited time to devote to this t...

genobizz — Fri, 07 Jun 2019 21:55:57 GMT

I'm ready to go but have limited time to devote to this task.

I'll do my best.

Re: What is the difference between "ordinary dividends" vs "qualified dividends"?

James Strauss — Thu, 25 Jun 2020 17:07:32 GMT

I believe that TurboTax has an error in taxing "qualified dividends". I say this.....I've been a CPA for many years. Please contact me by email or telephone so I can discuss it with TurboTax. Thank you.

Re: What is the difference between "ordinary dividends" vs "qualified dividends"?

BillM223 — Fri, 26 Jun 2020 22:18:57 GMT

@James Strauss

Let me give you several choices:

1. Describe the issue here in the Community; if you give us enough detail, we will try to recreate it and pass it on to the developers.

2. Call in for phone support and describe the situation to the agent. (NOTE:

The Free Edition of TurboTax does not provide phone support. If you have a question, you can ask it here on the Community and we will try to help you.

If, however, you are using a paid version of TurboTax, please see this TurboTax FAQ.)

3. If you received a notice from a taxing agency because of this situation, please file a claim with the Tax Accuracy Calculation Group at https://ttlc.intuit.com/community/charges-and-fees/help/how-do-i-submit-a-claim-under-the-turbotax-100-accurate-calculation-guarantee-or-100-accurate-expert/00/26065

Re: What is the difference between "ordinary dividends" vs "qualified dividends"?

BillM223 — Fri, 26 Jun 2020 22:19:54 GMT

P.S. when you answer, tag me using "@" followed by "BillM223" (all together).