1099-DIV - for self-employed

[jwi4o2d]

Hello!

In the Turbotax Home & Business software, is there a difference between filing the 1099-DIV information (from IRAs, for example) under the PERSONAL or BUSINESS tabs? Is it only possible to file the 1099-DIV in the PERSONAL tab? I am a self-employed worker, so I'm filing all my income otherwise under BUSINESS. 

Is there a way to file the 1099-DIV info on Boxes 1D and 1E? I'm not seeing a spot to enter this information.

Where can I find which state my 1099-DIV Box 11 info applies to?

Turbotax asks me the question which state does my Box 11 (exempt interest dividends) info apply to? 

Thank you all so much!

[VolvoGirl]

In the first place you do not report 1099 Div or 1099 Int from IRA or 401k or retirement accounts.  You only enter 1099R.  Then you only report other 1099Div & 1099Int, 1099B, 1099R etc.  under Personal in the Home & Business version.  The schedule C you are filling out for Business is part of your personal individual 1040 return.  Your self employment business on schedule C is a disregarded entity.  The Net Profit or Loss is for you personally. 

There might be a box on the Div screen to check for - My 1099 has more boxes.

[VolvoGirl]

Are you sure it's a 1099 Div?  What do you have in boxes 1D & 1E?  Could it be a 1099B for sales?  The 1099Div doesn't have those boxes.

https://www.irs.gov/pub/irs-pdf/f1099div_20.pdf 

[jwi4o2d]

Thanks! I realized this 1099-DIV is not for my IRA account, it's for a brokerage account. So I will report it under Personal taxes.

The 1D and 1E does seem to be for a 1099-B (it's another box on the same page of the 1099-DIV so I got confused that it's part of the same form). 

[VolvoGirl]

sounds like you got  a consolidated statement. That will have sections for 1099-Int and 1099-Div and 1099B. You need to enter each section in the right place.  So read it carefully and look for headings.... 1099-INT for interest or 1099-DIV for Dividends or 1099B for sales.