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Sally and Charles Heck received the following Form 1099-DIV in 2019: Sally Charles Jointly Qualifying dividends: Altus Inc. $2,000 Buller Corporation $350 Gene Corporation $3,100
Sally and Charles Heck received the following Form 1099-DIV in 2019:
Sally | Charles | Jointly | ||||
Qualifying dividends: | ||||||
Altus Inc. | $2,000 | |||||
Buller Corporation | $350 | |||||
Gene Corporation | $3,100 | |||||
Devona Corp 1a. | $850 | |||||
Interest: | ||||||
Porcine Bank | 1,245 | |||||
River Bank | 650 | |||||
City of New York Bonds | $100 |
Qualified Dividends = $694 from Devona Corp 1b.
Federal Income Tax withheld = $0
Assuming the Hecks file a joint tax return, complete Schedule B of Form 1040 (on Page 2-53) for them for the 2019 tax year. Do not attempt to complete the Qualified Dividends and Capital Gain Tax Worksheet.
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