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Level 1
posted Apr 4, 2025 4:53:32 PM

Why is the amount of dividends shown on the Total Income page so much higher than what I entered in the 1099-DIV form?

In the Wages & Income -> Investments and Savings section, it clearly shows the amount I entered in the 1099-DIV form. However, if I click on Explain my taxes, the value shown in the donut chart is a different, much higher number. I wonder what's going on because I am pretty sure that I filled out the 1099-DIV form correctly.

0 4 925
4 Replies
Level 1
Apr 4, 2025 5:04:36 PM

In case you don't know what I'm talking about. Thanks for the help in advance

Expert Alumni
Apr 5, 2025 9:13:09 AM

It's not clear why the numbers might be different and thank you for the screen images.  We could be more specific if we might take a look at the tax return. Here is an option that would allow us to give more specific details for you.

 

If you would like to send us a “diagnostic” file that has your “numbers” but not your personal information it would help.  If you would like to do this, here are the instructions:  (Don't forget to give us the state)

 

TurboTax Online:

Open your return -Go to the menu panel on the left side of your return and select Tax Tools. 

  1. Then select Tools below Tax Tools.
  2. A window will pop up which says Tools Center.  
  3. On this screen, select Share my file with Agent.
  4. You will see a message explaining what the diagnostic copy is.  Click okay through this screen and then you will get a Token number.
  5. Reply to this thread with your Token number and your state. This will allow us to open a copy of your return without seeing any personal information.

TurboTax Desktop:

If you like, you can send a copy of your return that will be scrubbed to eliminate your personal data by using these steps:

  1. Click on Online in the top left menu of TurboTax Desktop for Windows
  2. Select 'Send Tax File to Agent'* > Follow the prompts to reach the token number.
    • Enter your email used for TurboTax > Enter your code > Send
  3. Write down or send an image of your token number and state then place in this issue.
  4. We can then review your exact scenario for a solution.
  5. Please also tell us any states included in the return. This is necessary for us to view the return.
    • *If using a MAC, go to the menu at the top of the screen, select Help, then, 'Send Tax File to Agent')

We will be able to see exactly what you are seeing and we can determine what exactly is going on in your return to provide you with a resolution.

Level 1
Apr 5, 2025 9:40:40 AM

Thanks for your response! I have the requested information below:

Token: 1300344

State: NJ

Expert Alumni
Apr 5, 2025 11:40:22 AM

Thank you for sending your file.  The dividends included in the 'Explain my taxes' includes the amount entered from a 1099-DIV and the dividends entered through your K1. These two added together equal the total. 

 

Please update here if you have additional questions and we will help.

 

@frankwangyufeng