Quick turbotax question

dubi

Joined: Nov 7, 2006

Posts: 24,326

User Profile

Private Message

Ignore User Stop Ignoring

How long do you want to ignore this user?

24 hours One week Permanently Cancel

8:00p, 10/15/17

AG

I received a tax statement from Fidelity. It itemizes $1,200 in ordinary dividends from several stocks held in book form.

Should I put "Fidelity" on Turbotax schedule B or itemize the individual stocks?

Yes, i have procrastinated and the last day to efile is tomorrow.

aggiehunter3

Joined: Dec 12, 2013

Posts: 229

User Profile Ignore User Stop Ignoring

How long do you want to ignore this user?

24 hours One week Permanently Cancel

10:03p, 10/15/17

AG

Disclaimer: I'm not your CPA

There's no need to itemize individual dividends. Just list the ordinary and qualified amounts. Also if you have any sales as long as they're "covered" (basis reported to IRS), you can also list lump proceeds and basis amounts.

dubi

Joined: Nov 7, 2006

Posts: 24,326

User Profile

Private Message

Ignore User Stop Ignoring

How long do you want to ignore this user?

24 hours One week Permanently Cancel

In reply to aggiehunter3 • 10:09p, 10/15/17

AG

Thanks!

Ignatius_of_Silesia

Joined: May 3, 2017

Posts: 2,294

User Profile Ignore User Stop Ignoring

How long do you want to ignore this user?

24 hours One week Permanently Cancel

8:50a, 10/16/17

What the hunter said. In this case, the payer on the 1099 is likely National Financial Services LLC. That is the company name that shows up on 1099s for Fidelity. If you don't have any other 1099s, having Fidelity listed as the payer will work.