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Fixed Assets and UltraTax CS 2023 help is now on Help and Support. We're still moving articles, but you can find most content for the 2023 tax year there. Continue using the Help & How-To Center for tax years 2022 and older.

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.

Related topics

• Schedule B FAQs (1040)
• Screen Broker - Consolidated Broker Statement

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