- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
what happened was you got paid 1800 in dividends that were originally classified as taxable BOX 1a. subsequently, the payor notified the broker that the dividends were nontaxable so box 1 had to be zeroed out (the paid/adjusted column) and then moved to box 3. box 3 does not have to be reported to the IRS - these are nontaxable dividends that will reduce your tax basis in the stock. if you didn't see the stock by year-end you should notice in some subsequent month, may be as late as March, the cost basis drops by $1800
if there is nothing else on the 1099-DIV (just box 1 as adjusted = 0 box 3 = $1800), the 1099-DIV does not have to be entered.
‎April 11, 2022
10:26 PM