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Level 4

Solved

Should the portion of dividends representing US Government obligations be on qualified or nonqualified dividends? .

Forum|Forum|7 years ago
June 6, 2019
2 replies
0 views

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TurboTax Premier Windows

Best answer by Hal_Al

That percentage is a percentage of the total dividends. So, you multiply by the box 1a (ordinary dividends) of the 1099-Div.

The box 1b amount is already included in the box 1a amount, so you don't add them together. Nor, do you subtract 1b from 1a.

SueJohnsonAuthor

Level 4

I have the percent from Vanguard but need to know which to multiply it by.

Answer

Level 15

That percentage is a percentage of the total dividends. So, you multiply by the box 1a (ordinary dividends) of the 1099-Div.

The box 1b amount is already included in the box 1a amount, so you don't add them together. Nor, do you subtract 1b from 1a.

Level 2

Clarifying: Do you do this with just "total ordinary dividends" amount box 1a? Not any of the "qualified dividends amount" box 1b?