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Entering dividend income from Form 1099-DIV in Lacerte

by Intuit Updated 3 months ago

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)
    • (2e) Section 897 ordinary dividends (informational only)
    • (2f) Section 897 capital gain (informational only)
    • (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)

Lacerte Tax

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