Do I need to amend my return to reflect a non dividend distribution in Box 3 on a just received amended 1099-DIV?

[MollyBee]

In the return I filed, the amount was zero (per the form), now there's less than $60 in Box 3. Am I required to file an amended return with the new amount included?

[DianeW777]

No, you do not need to amend your return.

• A nondividend distribution is a distribution that's not paid out of the earnings and profits of a corporation. Any nondividend distribution is not taxable until the basis of the stock is recovered; however, a record needs to be maintained. It is also referred to as a return of capital or your investment in the stock