1. Yes, you received the income in 2024 so it goes on the 2024 return.
2. If the dividends are all ordinary, then you can enter it as other income.
3. No, the income is not CA sourced and you are not a CA resident. If you needed to amend, then CA would get a share.
The IRS may ask why you didn't report these in prior years. You have a great story. Keep proof of your records and show that you did report them when received.
Follow these steps to enter the income:
- go to the federal income section
- scroll to the bottom
- Miscellaneous Income, 1099-A, 1099-C, Start
- Scroll to the bottom
- Other reportable income, Start
- Other taxable income?
- Select YES
- Description -1099-DIV from prior years received in 2024
- Amount, enter your total amount
- Continue
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