- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Income from dividends - i enter $45402.09 in dividends without slip section - but in the summary it shows up as over 62000.00 why is this?
Topics:
October 31, 2019
3:07 AM
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Getting started
Your dividends are "grossed up" by 1.38. So when you report the "Actual Amount of Dividends", they are multiplied by 1.38 and the "Taxable Amount of Dividends" show up on Line 120 of your tax return.
October 31, 2019
3:07 AM