Qualified dividends are entered in the supporting documents to transfer to the individual tax return. On Form 1099-DIV, the qualified dividends are entered in box 1b and included in box 1a. Therefore, the amount in box 1a for total dividends will be the same or larger than the amount in box 1b for qualified dividends.
You need to enter the total dividends in box 1a and the qualified dividends in box 1b for the amounts to transfer to Form 1040.
To enter this information in the TaxAct® program:
- From within your TaxAct return (Online or Desktop) click Federal. On smaller devices, click in the upper left-hand corner, then select Federal.
- Click Investment Income to expand the category, then click Dividend Income (Form 1099-DIV)
- Click New Copy of Form 1099-DIV (Desktop users click Add) to create a new copy of the form or click Review to review a form already created
- Click Quick Entry or Step-by-Step Guidance to enter or review the appropriate information. If you select Quick Entry, be sure to scroll down to answer all applicable questions. If you select Step-by-Step Guidance, the program will proceed with the interview questions.