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grammyr10
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What if the ordinary dividends amount is the same amount as qualified dividends?

 
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3 Replies

What if the ordinary dividends amount is the same amount as qualified dividends?

If that’s on the form it’s fine. 

What if the ordinary dividends amount is the same amount as qualified dividends?

That is very common.  Box 1b is part or all of box 1 that is Qualified.  

What if the ordinary dividends amount is the same amount as qualified dividends?

box 1a is used to calculate income and adjusted gross income. Certain items are based on that. line 1b is only for tax calculation purposes since they get a preferred rate.  1b can equal but not exceed 1a

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