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March 8, 2025
Question

Interest and Dividend income in tax breakdown does not have all of ordinary dividends reported

  • March 8, 2025
  • 1 reply
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I am finished with entering all the information needed for our taxes (married, filing jointly), and after the "Federal Review", the tax breakdown is only showing the "Interest and Dividends" amount as coming from the ordinary dividend amount of our joint account plus interest from both the joint account and an individual account. The ordinary dividend amount from the individual account is not included in this total. I'm seeing that you have to have over $1500 of taxable ordinary dividends, you report. Is this applicable per account or cumulative to all dividends for the couple?  It seems TT is only reporting the joint account because it is > $1,500.

 

In this case, each of those accounts has <$10 of interest but both are being added up for the tax breakdown. If the individual account was excluded because of <1,500 of ordinary dividends, why is the interest of <$10 being included? 

    1 reply

    jpodyAuthor
    March 8, 2025

    UPDATE:  I had let TT desktop install updates prior to working on my taxes... I exited out, and eventually got back in to work on taxes some more and the Interest and Dividend was updated to reflect the additional amount I thought was missing.  So, all is well now.