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diewildeblume
New Member

Is interest income on a 1099 synonymous with total ordinary dividends?

Turbo Tax says Box 1 Interest Income. 1099 says Box 1a Total Ordinary Dividends.
1 Best answer

Accepted Solutions
CapB
New Member

Is interest income on a 1099 synonymous with total ordinary dividends?

No, you will receive a 1099-INT for Interest income and a 1099-DIV for Income from Dividends. 

To add FORM 1099-DIV (Dividend income) 

2. Select "Take me to my return" (Online)

3. Select "My Account" (top right of the screen Online) 

4. Select "Tools" (Online)

5. Select "Topic Search" (Online) and "Search Topics" (center top of screen on TurboTax Desktop)

6. Type "dividend income" and press "enter" (Online) or "ok" (Desktop) to enter dividend income.

View solution in original post

1 Reply
CapB
New Member

Is interest income on a 1099 synonymous with total ordinary dividends?

No, you will receive a 1099-INT for Interest income and a 1099-DIV for Income from Dividends. 

To add FORM 1099-DIV (Dividend income) 

2. Select "Take me to my return" (Online)

3. Select "My Account" (top right of the screen Online) 

4. Select "Tools" (Online)

5. Select "Topic Search" (Online) and "Search Topics" (center top of screen on TurboTax Desktop)

6. Type "dividend income" and press "enter" (Online) or "ok" (Desktop) to enter dividend income.

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