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Hi all,

I'm sure this topic has already been covered here but I couldn't find the thread so excuse me if this is redundant. I was wondering how the MSFT special dividend is treated on my tax return. Can I use a 1040EZ, or must I use a 1040A or something else? I only had about 25 shares at the time but I'm sure I need to report this dividend.
Thanks,

-Eric
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Eric:

Like all dividends it has to be entered on Schedule B if you are filing 1040 or Schedule 1 if you are filing 1040A.

Dusty
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were those shares in a taxible account or a
roth ira? bjwheels
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<<<were those shares in a taxible account or a
roth ira? bjwheels>>>

They're actually DRIP shares. Looks like I'm going to need to pony up the $10 to do my taxes on the 1040A version of Turbotax! Ouch! Thats 15% of the dividend.

-Eric


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Looks like I'm going to need to pony up the $10 to do my taxes on the 1040A version of Turbotax! Ouch!

If money is that tight, and the return that simple, you could always use pencil and blank forms. A W-2 and softy's dividend wouldn't be that tough to do by hand.

--Peter
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Not telling you to do this but.....

Frugal Friend at Work has checked out the public library's copy of TurboTax,downloaded it to his computer and has done his taxes for the past two years this way..
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Goto www.irs.gov and follow the file for free tax links... currently Turbo tax is one of the free links... There is no requirement that they remain free, so I'd use it as quickly as I can incase Intuit decides they are losing to much money :)

laters,
-d.
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Goto www.irs.gov and follow the file for free tax links... currently Turbo tax is one of the free links... There is no requirement that they remain free, so I'd use it as quickly as I can incase Intuit decides they are losing to much money :)


Are you sure they are really free? Because, if you go to Turbo Tax's website, you can also do your taxes for free - they don't charge you until you are ready to file. So, I would assume the same thing is giong on at the irs site?

-Noodle
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I haven't actually used it yet, but according to the article that pointed me there.. it is free... all the way free for Federal filing...

Basically Intuit said they plan to make up the difference in selling you the add on services (audit protection, state taxes, professional review,...)

I'd at least check it out.

Laters,
-d.
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I believe the website is free to use for computing your taxes, but they do try to convince you to e-file upon completion for which there is a charge. If you don't e-file, it should be completely free to use.

Best of luck.
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I believe the website is free to use for computing your taxes, but they do try to convince you to e-file upon completion for which there is a charge. If you don't e-file, it should be completely free to use.

If you link through the irs.gov website, they offer free filing as well (federal only). I did so last night and it worked great.

Erin
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