The TT interview asks...
Long-term capital gain |
Nondividend distribution |
Nonqualified dividend |
Qualified dividend |
Section 199A dividend |
Short-term capital gain |
Collectibles 28% gain |
Unrecaptured section 1250 gain |
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That may be how it works, I can't tell for sure as I don't see what you are looking at. The 1099-DIV statement you have lists dividend income in line 1(a) on that form. Your supplemental worksheets should provide a breakdown of what makes up that number. It appears that a percentage of the dividends from each fund are from US government securities. If so, then you would multiply the dividends from each fund times the applicable percentage to derive the portion from US government securities. You would then add up all the individual US government dividends for each fund to get the total and enter that into TurboTax.
@ThomasM125If this helps, attached are two pictures that reflect what I have for my broker's 1099 form. I've highlighted one of the funds on each that is an example showing the different "transaction types" involved. I am wondering if I should apply the percentage to ALL of the different "transaction types" or just certain ones (e.g. that have the words "dividend" in the name).
Ok, it looks like you have $1,333,09 in income from T Rowe Price CAP APRC Invs and 13.75% of that is US government securities. So you would multiply .1375 times $1,333.09 to get the amount for US government interest from that investment.
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