You'll need to sign in or create an account to connect with an expert.
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.
After entering the 1099-DIV, the next screen will ask "tell us if any of these uncommon situations apply to you". One of the choices will be "a portion of these dividends is US government interest". Check that then continue and the following screen will have a box to enter the amount (not the percentage, you'll have to do the calculation)
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.
After entering the 1099-DIV, the next screen will ask "tell us if any of these uncommon situations apply to you". One of the choices will be "a portion of these dividends is US government interest". Check that then continue and the following screen will have a box to enter the amount (not the percentage, you'll have to do the calculation)
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
zbchristy501
Returning Member
Jamison245
Returning Member
rayanegar
New Member
vhmal5pro
New Member
mmehmedbasich
Level 1
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.