topic Re: 1099 div in Get your taxes done using TurboTax

1099 div

Germog — Thu, 11 Mar 2021 02:06:47 GMT

If the 1099div has the same amount in box 1a (ordinary) and box 1b (qualified): when manually inputting the 1099div in Turbo Tax, do I input the 2 figures in 1a and 1b or only 1b (qualified)? Thanks.

Re: 1099 div

JoannaB2 — Thu, 11 Mar 2021 02:27:27 GMT

You must enter ordinary dividends and qualified dividends separately. The form 1099-Div is used to report dividend income The ordinary dividend is reported on box a of 1099-Div while qualified dividend is reported on box b. A qualified dividend is taxed at the capital gains tax rate, while ordinary dividends are taxed at standard federal income tax rates.

Re: 1099 div

Germog — Thu, 11 Mar 2021 04:24:45 GMT

Thanks, JoannaB2. I really appreciate your reply.