How do you adjust 1099-DIV ordinary income

[dfputz]

Where do you adjust the ordinary dividends to report the included capital gains against my carry forward capital losses?

[IreneS · Accepted solution]

UPDATED FOR TAX YEAR 2019

You do not need to manually adjust the dividends reported on your 1099-DIV, just enter the amounts as reported on your 1099-DIV and also enter your capital loss carryover from previous years. 

To enter the capital loss carryover, please follow these steps:

1. Click on Federal > Income & Expenses.
2. In the Investment Income section, click the Start/Revisit box next to Capital Loss Carryover. 
3. On the screen, Did you have investment losses you couldn't claim in 2018? click the Yes box.
4. You will be asked if you know your carryover amounts and then you can enter them on the next screen, Tell us your capital loss carryover amounts from 2018.  
   

[Edited | 3/18/2020 |  1:23 pm PDT]