Should Qualified Dividends be included in calculation of AGI in Tax Planner?

Question

Tax Planner is using only Interest and (non-qualifying) Dividends when calculating Interest and Dividend income. The Qualified Dividends box has the correct number, but is not being added in to the total for the Tax Summary.  This makes the AGI on the Tax Summary too low.

Sherlock · Accepted Answer

Qualified Dividends are a portion of the total dividends.  In other words, the entry for Dividends should include the Qualified Dividends.

markus1957 · Accepted Answer

To expand on @Sherlock reply; the hidden category _QualDivInc should not be manually assigned to individual investment transactions. Tax Planner is not set up to calculate qualified dividends based on individual transactions.  Maybe someday but not yet.

Rather, a User Input estimated value of qualified dividends should be manually entered in the Qualified Dividends section of the tax planner module. The QDI tax rate is applied to the User Input value. The regular income tax rate will be applied to the difference between the values in the Dividends section and Qualified Dividend section.