- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Retirement tax questions
Are you sure?
....the Credit Union calls them dividends...but if they from the CU savings/checking accounts or CDs, they are usually reported just as "interest" on a 1099-INT form, in box 1.
I get a 1099-INT form from my credit union every year for my CU "dividends"....(well, because they are over $10), but even if under that amount I would report them myself as a 1099-INT (as long as it was 50cents or higher).
__________
Now, if the CU happens to have actual stock offerings...beyond savings accounts...those stock dividends would be on a 1099-DIV.
____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*
‎February 24, 2023
1:28 PM
1,624 Views