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 |