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tbhensley
New Member

Do I have to include qualified dividends in both the box designated for "qualified dividends"and the "other income and losses" box in the estimated tax calculator in TT?

 
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3 Replies
Anonymous
Not applicable

Do I have to include qualified dividends in both the box designated for "qualified dividends"and the "other income and losses" box in the estimated tax calculator in TT?

on form 1099-div qualified dividends line 1b are included in line 1a total ordinary dividends.  enter the 1099-div exactly as shown. except for foreign taxes no entries are needed anywhere else. 

Do I have to include qualified dividends in both the box designated for "qualified dividends"and the "other income and losses" box in the estimated tax calculator in TT?

Did you get an answer to this?  The July, 2020, reply was not about the Estimated Tax form in TurboTax.

MonikaK1
Expert Alumni

Do I have to include qualified dividends in both the box designated for "qualified dividends"and the "other income and losses" box in the estimated tax calculator in TT?

When using the W-4 and estimated taxes section of TurboTax, it asks you to estimate your Qualified Dividends in the Capital Gains and Losses section, because those dividends will be taxed at your Capital Gains rate. 

 

In the "other income and losses" box, include dividends that are not Qualified Dividends, interest income, retirement income, and other items not listed elsewhere in the calculation. 

 

The Learn More links next to these questions contain explanations as to what to enter in the box provided.

 

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