1040-US: Ordinary and Qualified dividends

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Question

Are all dividends entered in the Ordinary Dividends column in the Dividend Income statement dialog considered qualified dividends?

Answer

No. Per the 1099-DIV instructions, qualified dividends (box 1b) are a portion of ordinary dividends (box 1a). Therefore, if a client has qualified dividends, enter the amount in both the Ordinary Dividends and the Qualified Dividends columns in the Dividend Income statement dialog in Screen B&D or Screen Broker. Only amounts entered in the Qualified Dividends column are considered qualified dividends.

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