DaveF1006
Expert Alumni

Get your taxes done using TurboTax

If you choose to reinvest your dividends, you still have to pay taxes as though you actually received the cash. These are reported on the 1099 DIV and is taxable income. The question is does your 1099 DIV reflect the amount of the entire distribution including the premium amounts?  If so, issuing a 1099R for the excess dividend amount is resulting in double-taxation. Can you clarify this for me?

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