This is for pretty well versed tax
expert. I am doing the taxes using a TaxAct CD, for a friend. I use TaxAct to do my and my friend's taxes. My friend's financial advisor sent her two 1099's, one a "DIV" model and a "B" model (sort to speak). In the DIV form
, there are "Total ordinary dividends
of $260.12 and Qualified dividends of $169.62, but, no "Federal Income
Tax withheld." At what percent do I tax her two dividends? On the DIV type, she withdrew (5 redemptions) a total of $5808 but again no Federal income tax was withheld. Again, at what percentage shall I tax her redemptions? And this is the tough one, Mass Mutual sent her the last "Quarterly
Statement," (this is not a 1099) showing a "Total Interest
earned year to date of $599.95. Is this taxable even though it is not a 1099 (her contract value of this mutual fund is $15,364). Again, at what percentage should I tax her interest earned, if this is taxable?