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March 16, 2023
Question

Tax Exempt Dividend vs Tax Exempt Dividend AMT?

  • March 16, 2023
  • 1 reply
  • 0 views

Hello:

 

I have a tax exempt dividend on my DIVs statement that has, for the first time, broken out amounts for two categories under that DIV: "Tax exempt dividend" and, "Tax exempt dividend AMT". When I spoke to my broker, he indicated that I do need to distinguish between the two and break out the value for each, but how do I do that and enter values correctly in Turbotax?  

    1 reply

    SteamTrain
    Employee
    March 16, 2023

    Doesn't the 1099-DIV form, from the broker, show you what box #s the $$ go into?

    __________

    Anyhow, when you fill out  the 1099-DIV form in the software:

     

    ....tax-exempt $$ go into box 12 

    ....tax-exempt $$, subject to AMT go into box 13

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