Schedule K-1: Review Qualified Dividends Tax Rate

Qualified Dividends are ordinary dividends that meet the requirements to be taxed at the (lower) net capital gains rates instead of being taxed as ordinary income.

Curious how TurboTax calculates the tax on your K-1 qualified dividends? Here's an easy way to see where TurboTax includes the 15% tax rate:
 

Review qualified dividends in TurboTax Desktop or CD/Download version

1. Start TurboTax. 
2. Select Continue Return. 
3. Go to View in the upper left. Click View, forms will drop down. 
4. Scroll down to Qualified Dividend and Capital Gain Tax worksheet. 
5. Scroll down to line 15. Here you can see that your 15% qualified dividend tax rate is included in TurboTax.
    

Review qualified dividends in TurboTax Online (Except Free Edition)

• If your return is not completed:

1. Log onto TurboTax.
2. Select Continue Return.
3. Go to the Print and File tab
4. Print or View a copy of your return, including all additional details.
5. Find the worksheet entitled Qualified Dividend and Capital Gain Tax.
6. Find line 15. Here you can see that your 15% qualified dividend tax rate is included in TurboTax Online.

• If your TurboTax Online return was completed, it is stored as a PDF on our secure site. Access it as follows:

1. Sign into your 2011 TurboTax Online return. 
2. On the Welcome Back Screen, click the View Your Returns from Prior Years link, located below the continue button.
3. Access your return.
4. View or Print the return from the stored PDF.
5. Find the worksheet entitled Qualified Dividend and Capital Gain Tax.
6. Find line 15. Here you can see that your 15% qualified dividend tax rate is included in TurboTax Online.

Review Qualified Dividends in TurboTax Free Edition:

Note: Free Edition (not to be confused with IRS Freedom Edition) tax returns are not stored on our site since you are allowed to file for free.

1. Download your .taxfile and open it in desk top software or,
2. Request a free transcript from the IRS or,
3. Order an exact copy from the IRS. There is a 57$/return fee. See IRS Topic 156.
4. Find the worksheet entitled Qualified Dividend and Capital Gain Tax.
5. Find line 15. Here you can see that your 15% qualified dividend tax rate is included in TurboTax Online.