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For 2016 Tax Tips For Year 2016.


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Old 07-01-2018, 11:38 AM
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Join Date: Jun 2018
Posts: 2
Dividends on 1099 are both ordinary and qualified

Hello,
My first post on this forum, ignorant question, etc.

My 1099-DIV shows:
1a total ordinary dividends 400
1b qualified dividends 400

I received a total of $400 in dividends, not $800. I don't know why they're reported on both lines.

They come from US corporations
I've had them more than a year
They're common stock

Question: Which line in 1040 do I report these on, 9A or 9B?

I don't think they should go on 9A (with schedule B) at the higher tax rate because IMHO they're qualified and should be at a lower tax rate (and should I follow the instructions for line 44?)

Should it be in line 9B?
Thanks!
Wendy



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Old 11-25-2018, 09:21 AM
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Join Date: Nov 2018
Posts: 2
RE: For 2016

you have provide me an informative things thanks.



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