Solved: Estimated tax calculation: where to enter ordinary...
Sign Up

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Announcements
TurboTax has you covered during Covid. Get the latest stimulus info here.
cancel
Showing results for 
Search instead for 
Did you mean: 
j-finpdx
Returning Member

Estimated tax calculation: where to enter ordinary dividends?

When entering data for Federal estimated tax payments, there seems to be no place to enter estimated ordinary dividends.  Am I missing something or shall I treat them as short term gains or other?

1 Best answer

Accepted Solutions
Texas Roger
Level 15

Estimated tax calculation: where to enter ordinary dividends?

You are correct that there is no listing for ordinary dividends in the estimated taxes tool. I would enter then as short term capital gains since they are taxed the same. 

View solution in original post

3 Replies
Texas Roger
Level 15

Estimated tax calculation: where to enter ordinary dividends?

You are correct that there is no listing for ordinary dividends in the estimated taxes tool. I would enter then as short term capital gains since they are taxed the same. 

View solution in original post

j-finpdx
Returning Member

Estimated tax calculation: where to enter ordinary dividends?

I found it. On the next screen, "2020 Other Income", click on Learn More and there is this,

 

Estimating Your Other Income

In estimating next year's income, don't forget to include income and losses from these sources:

- Interest income

- Dividend income   <=============== 

- Retirement income

Texas Roger
Level 15

Estimated tax calculation: where to enter ordinary dividends?

Glad you looked at the Learn More note and found it. The result would likely be the same whether entered ordinary dividends there or in short term capital gains. 

Dynamic AdsDynamic Ads
v
Privacy Settings