Qualified Dividends Error - TD Ameritrade 1099 PDF import

[atom1csk1er123-]

Using TurboTax.  On the 1099 from TD Ameritrade, box 1a and 1b show the identical amount, which means that all the dividends are qualified. Importing the pdf into TurboTax, the software includes the amount both as qualified dividends and ordinary dividends, artificially increasing the taxable amount.  I have to manually delete the line item from the ordinary dividends section.  This seems like a serious bug.

[SteamTrain]

@atom1csk1er123- 

No, don't do that ......put those $$ back in box 1a.

Yes...the same $$ amounts will appear on lines 3a and 3b of the form 1040.   

The qualified dividend $$ ARE a part of your total AGI, but what you don't see is that they are being treated differently on background worksheets that calculate the actual taxes owed.

Similarly, Long Term Capital Gains are also included in line 7 and total AGI on the form 1040, but again, those $$ will be treated separately on the background tax calculation worksheets.

[atom1csk1er123-]

That seems very odd, because qualified dividends from other banks (e.g. Fidelity) are *not* automatically included in box 3B on the 1040, or on Part II Ordinary Dividends on Schedule B.

Are you 100% certain that the qualified dividends only from TDA should be included in those two places as well as in Box 3a on the 1040??  This seems very odd that only TDA's qualified dividends are included as both.

Thanks.

[SteamTrain]

The TDA amounts are perfectly proper, and have been that way for years.. box 1a is everything, box 1b can be equal to 1a, but can also be lower than 1a.....but never greater than 1a.   Yes the way the IRS wants those numbers displayed is confusing.

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Your issue now is apparently your Fidelity 1099-DIV form.   Get your paper copy printed out form your Fidelity account and look at it again....vs. exactly what is in the software form.  IF you imported it form your Fidelity account, EDIT that -DIV form to see what it really included for boxes 1a and 1b... (an import will show as coming from National Financial Services LLC ).   Only the amounts in boxes 1a and 1b should be added to lines 3a and 3b of the form 1040.

IF there are amounts in the Fidelity 1a and 1b that do not add into lines 23a and 3b of the 1040.....then delete that 1099-DIV and re-enter all it's data manually  (any boxes with 0.00 in them on the paper -DIV form should be left blank in the software form)