This article will help you enter form 1099-DIV in an individual tax return in Intuit ProSeries Professional and Intuit ProSeries Basic.
Generally information from Form 1099-DIV is entered on Schedule B.
Follow these steps to enter Form 1099-DIV information on Schedule B:
- Open the tax return.
- Press F6 to bring up the Open Forms window.
- Type B and select OK to open the Schedule B.
- Scroll to the Dividend Income Smart Worksheet.
- Enter the Payer's Name.
- Enter any amounts from box 1a, box 1b, box 3, box 2a, box 2b and box 3 directly on the Dividend Income Smart Worksheet.
- If the 1099-DIV contains other information such as foreign transactions, or federal tax withheld, double-click the payers name to access the Dividend Income Worksheet.
Form 1099-DIV box 5, Section 199A dividends, should be entered on the Dividend Income Worksheet line 3 to the QBI Deduction Simplified Worksheet line 5.
Where do I enter exempt interest-dividends on municipal bond interest?
Follow these steps to enter exempt interest-dividends on municipal bond interest on the Schedule B, Dividend Income Smart Worksheet:
- Double-click on the Payer's Name.
- Complete Line C as needed.
