1099-DIV numbers appear wrong

Forum|Forum|4 years ago
March 15, 2022
1 reply
9 views

Trying to understand why Turbo Tax shows a total on the 1099-DIV line different than what I entered from forms received? It's a significant difference.

Best answer by VolvoGirl

Dividends can come from other places. Did you get any K-1 forms? Did you import any 1099B or 1099 Int from a broker or bank? That might have downloaded some dividends.

Are you using the Online version or the Desktop program? What amount is on the actual 1040 return? If it's showing over 1,500 you should have a Schedule B listing all interest and dividends.

For Online, Before filing, You can preview the 1040 or print the whole return

https://ttlc.intuit.com/community/accessing/help/how-do-i-preview-my-turbotax-online-return-before-filing/00/26160

JamesG1

Level 15

Did you download the 1099-DIV or did you type it in?

Did you click the box My form has info in other boxes and enter a value in one of these boxes? Did you report a nominee adjustment?

Please clarify.

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hendersonspAuthor

Level 2

James -

First thank you for the reply. No, I didn't check the box - "my form has info in more than just these boxes".

In the 1a and 1b it shows 150.45 as what is shown on the 1099-DIV...

On the next screen for uncommon situations I selected none of these apply to me.

It then brings me back to my summary page and shows the correct dividend amount of 150.45.

But when I click done and it takes me back to over all 2021 Income Summary page under Dividends on 1099-DIV it shows a total of $12,440...

totally throwing me for a loop...

Shawn

VolvoGirl

Level 15

Dividends can come from other places. Did you get any K-1 forms? Did you import any 1099B or 1099 Int from a broker or bank? That might have downloaded some dividends.