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Should the portion of dividends representing US Government obligations be on qualified or nonqualified dividends? .

 
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Hal_Al
Level 15

Should the portion of dividends representing US Government obligations be on qualified or nonqualified dividends? .

That percentage is a percentage of the total dividends. So, you multiply by the box 1a (ordinary dividends) of the 1099-Div.

The box 1b amount is already included in the box 1a amount, so you don't add them together. Nor, do you subtract 1b from 1a.

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5 Replies

Should the portion of dividends representing US Government obligations be on qualified or nonqualified dividends? .

I have the percent from Vanguard but need to know which to multiply it by.
Hal_Al
Level 15

Should the portion of dividends representing US Government obligations be on qualified or nonqualified dividends? .

That percentage is a percentage of the total dividends. So, you multiply by the box 1a (ordinary dividends) of the 1099-Div.

The box 1b amount is already included in the box 1a amount, so you don't add them together. Nor, do you subtract 1b from 1a.

elc1002
New Member

Should the portion of dividends representing US Government obligations be on qualified or nonqualified dividends? .

Clarifying:  Do you do this with just "total ordinary dividends" amount box 1a?  Not any of the "qualified dividends amount" box 1b?
Hal_Al
Level 15

Should the portion of dividends representing US Government obligations be on qualified or nonqualified dividends? .

Correct, multiply your percentage by box 1a, total ordinary dividends
elc1002
New Member

Should the portion of dividends representing US Government obligations be on qualified or nonqualified dividends? .

Thank you!
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