JulieS
Expert Alumni

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:

  1. Open your return and select Federal on the left side menu.
  2. Select Wages and Income toward the upper left.
  3. Scroll down, or expand the list and find Interest and Dividends.
  4. Expand that section and find Dividends on 1099-DIV.
  5. Click on Add/ Edit to the right.
  6. Answer the first question Yes.
  7. Click Continue.
  8. Click on Change how I enter my form in the lower right corner.
  9. Select Type it in myself.
  10. Fill in the amount form box 6 in box 1a. 
  11. Click Continue.
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