JohnB5677
Expert Alumni

Retirement tax questions

No! Money that you paid taxes on does not get taxed again.  The 1099-DIV was taxed when it was issued because you had the option to take it. 

 

You chose to reinvest it, but it was issued.  Therefore it is taxable.  Going forward, this dividend will become part of the tax basis, and you will not be taxed again.

 

Reporting Dividends

 

@stevestock22

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