1099-INT and 1099-DIV included in 1099-B

[dimis2021]

I have 1099-INT and 1099- DIV forms included in 1099-B form. Are those interest income and dividend taxable? Why are they included in the 1099-B form? 

What interest income are non taxable? 

Thanks! 

[VolvoGirl]

Yes you have to enter and report the 1099INT and 1099DIV.  Did you get a consolidated statement?  That will have sections for 1099-Int and 1099-Div and 1099B. You need to enter each section in the right place.  So read it carefully and look for headings.... 1099-INT for interest or 1099-DIV for Dividends or 1099B for sales.

[dimis2021]

Yes, it’s consolidated 1099-B.   I thought those interest income and dividends are non taxable . 

[VolvoGirl]

If you thought they were not taxable then you need to ask the fund company about the investments.  

[Mike9241]

look at the line numbers on the 1099-div and int along with the description for those lines. the box numbers in the Turbotax screens match the line numbers on those 1099's. you may need to check the box that says my form has info in more than just box 1.

[Atulg]

When I download dividends using 1099-b then it wipes out cap gain portion in TurboTax. If o download cap gsin from the same 2099-b, it wipes out dividend info in turbo tax. Why it does this?

[ThomasM125]

Sometimes the downloads are not processed properly in TurboTax for various reasons. If you experience this, you need to either edit the downloaded entry to add or modify information entered, or delete the entry and enter the form manually.