ProConnect HelpIntuit HelpIntuit

Entering dividend income from Form 1099-DIV in Lacerte

SOLVEDby IntuitLacerte Tax124Updated July 19, 2022

This article will help you enter income from Form 1099-DIV income in the Individual or Fiduciary modules of Intuit Lacerte.

 

Some boxes don't have direct inputs in Lacerte. If you need assistance entering:

  • Cash liquidation distributions (box 9), see here.
  • Noncash liquidation distributions (box 10), see here.
  • Exempt-Interest Dividends (box 11), see here.

Follow these steps to enter the information from Form 1099-DIV for an individual return:

  1. Go to Screen 12, Dividend Income (1099-DIV).
  2. Under the Dividend Income section, enter the Name of payer.
  3. Under the Form 1099-DIV section, complete the following fields:
    • (1a) Total ordinary dividends (code 2)
    • (1b) Qualified dividends (for exceptions, press F1) (code 30)
    • (2a) Total capital gain distributions (code 3)
    • (2b) Unrecaptured section 1250 gain (code 25)
    • (2c) Section 1202 gain (code 26)
    • (2d) Collectibles (28%) rate gain (code 24)
    • (3) Nontaxable distributions (code 4)
    • (5) Section 199A dividends (code 122)
      • This input isn't available in tax year 2017 and earlier. Box 5 was Investment Expenses noted on line J.
    • (6) Investment expenses (code 5)
      • This is box 5 in tax year 2017 and earlier.
  4. Under the Tax-exempt Interest subsection, complete the following fields:
    • Certain private activity bonds (6251) (% or amount) (code 504) (box 12)
      • This is box 11 for tax year 2017 and earlier.
  5. Under the Tax Withheld subsection, complete the following fields:
    • Federal income tax withheld (4) (code 10)
    • State income tax withheld (code 11) (box 13)
      • This is box 12 for tax year 2017 and earlier.
  6. Scroll down to the Foreign Tax Credit section, if applicable, and complete the following fields:
    • Foreign income tax withheld (U.S. dollars) (code 16) (box 7)
      • This is box 6 in tax year 2017 and earlier. 
    • Name of foreign country (code 818) (box 8)
      • This is box 7 in tax year 2017 and earlier.
    • Refer to this article for more information on entering Foreign Tax Credit information.

Follow these steps to enter the information from Form 1099-DIV for a fiduciary return:

  1. Go to Screen 16, Dividend Income.
  2. Under the Dividend Income section, complete the following fields:
    • Name of payer
    • (1a) Total ordinary dividends (code 2)
    • (1b) Qualified dividends (for exceptions, press F1) (code 30)
    • (2a) Total capital gain distributions (code 3)
    • (2b) Unrecaptured section 1250 gain (code 25)
    • (2c) Section 1202 gain (code 26)
    • (2d) Collectibles (28%) rate gain (code 24)
    • (3) Nontaxable distributions (code 4)
    • (5) Section 199A dividends (code 122)
    • (6) Investment expenses (code 5)
  3. Under the Tax Withheld subsection, complete the following fields:
    • Federal income tax withheld (4) (code 10)
    • State income tax withheld (code 11) (box 15), if applicable
  4. Under the Tax-exempt Interest subsection, enter any applicable fields:
    • Certain private activity bonds (6251) (% or amount) (code 504) (box 12)
  5. Scroll down to the Foreign Tax Credit section, if applicable, and complete the following fields:
    • Foreign income tax withheld (U.S. dollars) (code 16) (box 7)
    • Name of foreign country (code 818) (box 8)

Related video (contains prior year 1099-DIV details)

Was this helpful?

You must sign in to vote, reply, or post
Lacerte Tax

Sign in for the best experience

Ask questions, get answers, and join our large community of Intuit Accountants users.