Asked by J
Monica received Form 1099-DIV, Dividends and Distributions, shown below. Where on Monica's Form 1040 should this income be reported? (All of Monica's other income was from wages.) Answer choices are below the image.
$187 on line 2a, $380 on line 2b, and $404 on line 7.
$187 on line 3a, $380 on line 3b, and $404 on line 7.
$187 on line 3a, $193 on line 3b, and $404 on line 8.
$380 on line 3a, $187 on line 3b, and $404 on line 8.
All Answers 1
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GPT-5 mini
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Answer: the second choice.
Reason: On Form 1099‑DIV box 1b (qualified dividends) goes on Form 1040 line 3a, box 1a (total ordinary dividends) goes on line 3b, and box 2a (capital gain distributions) is reported as a capital gain on line 7. So 187 → 3a, 380 → 3b, 404 → line 7.
Reason: On Form 1099‑DIV box 1b (qualified dividends) goes on Form 1040 line 3a, box 1a (total ordinary dividends) goes on line 3b, and box 2a (capital gain distributions) is reported as a capital gain on line 7. So 187 → 3a, 380 → 3b, 404 → line 7.
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