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Get your taxes done using TurboTax
It depends on how small those amounts are and whether you also received a Form 1099-DIV for this investment.
If you also received a 1099-DIV or 1099-INT for the same investment, you can just disregard the Form 480.6c.
If the small amounts are less than $1, you can disregard the form as well. An amount that small is "de minimis", that too small to be worth reporting.
If the amount is $1 or more, you can enter the income as a Form 1099-DIV.
Here is how:
- Open your return and select Federal on the left side menu.
- Select Wages and Income toward the upper left.
- Scroll down, or expand the list and find Interest and Dividends.
- Expand that section and find Dividends on 1099-DIV.
- Click on Add/ Edit to the right.
- Answer the first question Yes.
- Click Continue.
- Click on Change how I enter my form in the lower right corner.
- Select Type it in myself.
- Fill in the amount form box 6 in box 1a.
- Click Continue.
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March 1, 2022
3:40 PM