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February 26, 2025
Question

Non-qualified dividends

  • February 26, 2025
  • 2 replies
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How do I enter the non-qualified dividends not reported to the IRS that I received on my composite summary from Charles Schwab?

    2 replies

    baldietax
    February 27, 2025

    are you referring to the pages beginning "year-end summary information is not provided to the IRS"?  Check the totals vs. the 1099-DIV, these pages should just be providing more detail on the 1099-DIV (which is reported to the IRS at total level).  Some of this details adjustments to how Schwab may have reported dividend during the year vs. actual disposition e.g. an ETF which pays a mixture of qualified and non-qualified but they don't disclose that mix until year-end, or Section 19A, Private Activity amounts etc.

    SharonD007
    February 27, 2025

    Are you referring to stock sales on your 1099-B with transactions that say "basis not reported to the IRS?" Please clarify.

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