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For 2017, 95% of my income is dividends, of which at least 80% are Qualified. I will be in the 15% tax bracket. where in the 1040 the qualified dividends are removed?

 
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5 Replies

For 2017, 95% of my income is dividends, of which at least 80% are Qualified. I will be in the 15% tax bracket. where in the 1040 the qualified dividends are removed?

They are not "removed" so to speak ... you will see the total dividends listed on the form 1040 line 9a and the qualified dividends on line 9b.... then the tax calculation for line 44 happens on a worksheet ... this is how it is "removed".  Review the Qualifying Dividends & Capital Gains Tax worksheet to see how it is handled.  

gae925
New Member

For 2017, 95% of my income is dividends, of which at least 80% are Qualified. I will be in the 15% tax bracket. where in the 1040 the qualified dividends are removed?

no because TT (premier) is not calculating the QDCG tax worksheet and I can't input to it

For 2017, 95% of my income is dividends, of which at least 80% are Qualified. I will be in the 15% tax bracket. where in the 1040 the qualified dividends are removed?

If 1040  9b shows an amount, you are getting the reduced tax on that amount.
gae925
New Member

For 2017, 95% of my income is dividends, of which at least 80% are Qualified. I will be in the 15% tax bracket. where in the 1040 the qualified dividends are removed?

I also have 80% of my dividends as qualified. and I have significant cap gains. I don't understand why the QDCG worksheet is not even filled out. I manually printed and filled in the QDCG tax worksheet. The tax comes out LESS that what TT is calculating.

For 2017, 95% of my income is dividends, of which at least 80% are Qualified. I will be in the 15% tax bracket. where in the 1040 the qualified dividends are removed?

Contact TurboTax support and speak directly with a TurboTax support agent concerning this situation.
See this TurboTax support FAQ for a contact link and hours of operation -<a rel="nofollow" target="_blank" href="https://ttlc.intuit.com/questions/1899263-what-is-the-turbotax-phone-number">https://ttlc.intuit.com...>
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