topic Re: Dividends in Get your taxes done using TurboTax

Dividends

raytwocreeks — Sun, 15 Sep 2019 21:02:29 GMT

1099-DIV shows qualified and ordinary dividends, but the wages and income shows exempt dividends and ordinary dividends. The amount of ordinary dividends does not match qualified dividends. What is exempt dividends?

Re: Dividends

macuser_22 — Sun, 15 Sep 2019 21:12:18 GMT

Were do you see that? Qualified dividends are shown on the 1040 form line 3a and ordinary dividends on line 3b. Exempt *interest* is on line 2a.

Re: Dividends

VolvoGirl — Sun, 15 Sep 2019 21:26:39 GMT

And FYI - on the 1099Div the Qualified Dividends in box 1b is the amount of box 1a that is qualified. So box 1b can be 100% of 1a or less. So Ordinary and Qualified Div do not have to match and you don't add them together.