Why doesn't the information show on my form 1040 whenI have entered the 1099-DIV that I received from Fidelity?

Hello! Please help me with details of 1099-DIV in Tax Return 2020.

I would like to know why the information from the 1099-DIV that I have entered doesn't show on my final 1040 Form.

Is it because my 1099-DIV says "Due to de minimis rules this form is not filed with the IRS."?

On the Fidelity 1099-DIV form, the only box that I had any number was the 1a and it was only $0.01.

I just wanted to make sure if I need to amend my return.

Thank you very much for your help!

420

Employee Tax Expert

Mar 27, 2021 7:13:21 AM

Tax returns as reported round to the nearest dollar. Since your 1099-DIV had dividend income of a penny, it would round to zero. Therefore, nothing would be reportable on your tax return.

You do not need to amend your return.

Please see the attached link for more information regarding form 1099-DIV and when the forms are typically issued.

1099-DIV information

Level 3

Apr 3, 2021 9:47:29 PM

Thank you very much for your advice.

Your explanation was clear and it was easy to follow.

Sincerely,

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Why doesn't the information show on my form 1040 whenI have entered the 1099-DIV that I received from Fidelity?