About Dave-estate

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Re: Form 1041 Qualified Dividends Tax

Ok, I think I understand now. The form is correct and TurboTax is doing it correctly. As I suspect early, it's my understanding of the taxes. I mistakenly thoug...

Dave-estate

Updated Dec 17, 2023
Re: Form 1041 Qualified Dividends Tax

Yyes but why? Don't I still have 2800 in qualified distributions? This is taking 200 of that 2800 and taxing it at 15% and reducing the amount subject to 0% tax...

Dave-estate

2

Updated Dec 17, 2023
Re: Form 1041 Qualified Dividends Tax

I deleted the entire return, started new. Entered 3000 as ordinary income and 2800 as qualified dividends, no beneficiary, no distribution. I got the 600 exempt...

Dave-estate

4

Updated Dec 17, 2023
Re: Form 1041 Qualified Dividends Tax

Ok, well, thanks for taking the time to helpThe more I review this, I'm thinking TurboTax is doing what the IRS form is asking. My lack of understanding may be ...

Dave-estate

5

Updated Dec 17, 2023
Re: Form 1041 Qualified Dividends Tax

I am using 2023 TurboTax Business (windows desktop). I entered the dividend numbers thru the dividend income for 1099-DIV.

Dave-estate

7

Updated Dec 17, 2023

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Date Registered	‎December 17, 2023 12:17 PM
Date Last Visited	‎December 17, 2023 8:26 PM
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