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You said 1099R but you meant 1099Div, right?
Yes the qualified dividends in box 1b are the part (or all) of box 1a dividends. You might not be able to tell it is being taxed differently on your tax return. If you have capital gains or qualified dividends the tax is not taken from the tax table but is calculated separately from Schedule D. The tax will be calculated on the Qualified Dividends and Capital Gain Tax Worksheet. It does not get filed with your return. In the online version you need to save your return as a pdf file and include all the worksheets to see it.
You said 1099R but you meant 1099Div, right?
Yes the qualified dividends in box 1b are the part (or all) of box 1a dividends. You might not be able to tell it is being taxed differently on your tax return. If you have capital gains or qualified dividends the tax is not taken from the tax table but is calculated separately from Schedule D. The tax will be calculated on the Qualified Dividends and Capital Gain Tax Worksheet. It does not get filed with your return. In the online version you need to save your return as a pdf file and include all the worksheets to see it.
Thanks for the quick response! Yes I did mean 1099-DIV.
I did not know I could download and see all the worksheets. Looking through all that, it does seem that the TurboTax is calculating the qualified dividends at the capital gain tax rate. Reading just 1040 does make it all seem like the entire dividends is getting taxed as ordinary income...
Thanks for your help!
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