The Motley Fool Discussion Boards

Previous Page

Financial Planning / Tax Strategies


Subject:  Section 199A Dividends Date:  1/25/2020  11:42 AM
Author:  billjam Number:  130017 of 130845

New item on my Fidelity Brokerage 1099. $18.23 on line 5, Section 199A Dividends. In the breakdown showing Qualified Dividends and Non-Qualified Dividends it is listed as a separate category. The source is Fidelity Puritan Fund.

I file single and have taxable income only from social security, IRA distributions, mutual fund capital gain distributions, capital gains from stock sales, dividends from stocks, and interest on various bank accounts. I found a long article at IRS on Section 199A which at first reading left me feeling (1)it did not pertain to me and (2)I didn't understand it all.

Question is where do I report the $18.23 when filing my taxes. Also, is it a qualified dividend or a non-qualified dividend when calculating my tax.

Appreciate any help you can offer.
Copyright 1996-2020 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us