Question

How do I calculate the amount of qualified dividends reported in box 1b that meet the 60/90 day holding period?

Forum|Forum|5 years ago
February 27, 2021
2 replies
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TurboTax Premier Online

If there is a dividend amount reported in box 1b, then the payer of the dividend has already determined that the holding period has been met for the amount to receive the preferred tax treatment of a qualified dividend. You do not need to make that determination on your own.

To learn more, see the qualified dividends section in the following TurboTax article: What are dividends?

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M

Marww

Is Qualified dividends reported on another form for submission?

N

NCPERSON1

@Marww - ... the qualified dividend will be taxed a lower tax rate than the rest of the dividends.....

why are you asking?

my experience with TT is that if you overthink it, you'll do something. Just follow what TT literally asks for. It is smarter than you are, which is why (I hope) you bought the software in the first place 😉

M

Marww

thank you...but how does TT know how long I have held the stock for that gave me the dividends?

I received a one time dividend from a stock for $4,000.. the accountant told us to make sure we marked it as a Qualified dividend not an ordinary.. Am I overthinking it??

Thank you...