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New Member
posted Oct 31, 2019 3:07:23 AM

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?

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1 Best answer
Level 15
Oct 31, 2019 3:07:25 AM

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.

1 Replies
Level 15
Oct 31, 2019 3:07:25 AM

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.