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Box 1b shows what *part* of 1a are qualified dividends. Depending on other income qualified dividends are usually taxed at a lower rate than dividends that are not qualified. They actually will lower the tax, not increase.
Yes. Just like it is on the form.
Ok thanks. I wanted to make sure I wasn’t paying tax on two entries.
Box 1b shows what *part* of 1a are qualified dividends. Depending on other income qualified dividends are usually taxed at a lower rate than dividends that are not qualified. They actually will lower the tax, not increase.
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