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Strategies & Market Trends : Value Investing
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To: E_K_S who wrote (72375)2/19/2023 9:46:18 PM
From: Elroy   of 78740
 
To be clear - On TT you are not going to adjust a BGS entry, you're going to adjust the total qualified dividend number?

I see how to do that, and I guess that total number is all the IRS cares about - they don't seem to need the individual dividend info on the 1040, just the lump sum.

My historical BGS and WMB 1099's have non dividend distributions and qualified dividends coming out of both, but then throws both numbers into the Total Dividend Income, which is what we report. From the looks of it, the non dividend distribution seems like (from the way it's reported on the 1099) it should be taxable.

I get your point that the non dividend distribution should not be taxable, but the 1099 sure reports it strangely (it lumps it together with qualified dividends in the summary total section) if that's the case.
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