Question

1099 DIV import

Forum|Forum|6 years ago
February 5, 2020
1 reply
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When I do the Federal review I am getting highlighted blanks on all the 1099 Div forms I imported from various mutual fund companies. The numbers came through fine but if there was not a number TurboTax is highlighting it and saying it needs attention. Can I clear these all at once?

SteamTrain

Employee

No way that I know of....it really does depend on exactly which box numbers are getting hi-lighted,. Especially if the -DIV ahs box 11 values, there are some followup questions that must be answered by you. Other boxes ...depends... No way for us to investigate without knowing which boxes are causing a problem.

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*

D

d4sbv920177

Box 5 on 1099 has info in a footnote that describes exactly what is in box 5, but it leaves no place to transfer this data to Turbo tax forms on computer screen. I presume it is important since it does affect taxes, but appears to be related to other data that appears to be related to 1040 instructions re 20% business income deduction.

SteamTrain

Employee

@d4sbv920177

All You have to do is to add box 5 into the 1099-DIV tax form in the interview (it can only be less than, or equal to box 1a).

IF you don't see box 5, edit that 1099-DIV and look for the checkbox on the main -DIV form page that will expand the form to display ALL possible boxes.

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*