Asked by e
Harrison received Form 1099-DIV, Dividends and Distributions, shown below. All of his other income came from wages. On which lines of his Form 1040 should this dividend income be reported?
Answer choices are below the image.
$98 on line 2a, $209 on line 2b, and $301 on line 7a.
$98 on line 3a, $209 on line 3b, and $301 on line 7a.
$98 on line 3a, $111 on line 3b, and $301 on line 8.
$209 on line 3a, $98 on line 3b, and $301 on line 8.
All Answers 1
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$98 on line 3a, $209 on line 3b, and $301 on line 7a.
Explanation: 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 on Schedule D and flows to Form 1040 line 7a.
Explanation: 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 on Schedule D and flows to Form 1040 line 7a.
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