Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
Level 1
posted Feb 23, 2021 6:00:50 PM

Do I need to report my 1099-DIV if there are no dividends on it?

I already filed my taxes and just got my 1099-DIV. Everything in the dividends section is $0. Do I still have to go through with a tax amendment if it doesn't list any dividends?

0 7 2815
1 Best answer
Level 15
Feb 24, 2021 9:50:09 PM

@nmterpening  your consolidated 1099-B is three documents in one :

1099-INT, 1099-DIV and 1099-B

all non-zero amounts have to be entered.

Turbotax provides a screen for each document type.

so you should be able to match up the non-zero amounts to the correct entry in TurboTax.

 

 

 

 

7 Replies
Level 15
Feb 23, 2021 6:15:34 PM

If there is no additional income to report there is no need to amend. 

Level 15
Feb 23, 2021 9:35:11 PM

1099-DIV is not issued for nothing.

Are you sure every box has nothing in it ?

Level 1
Feb 24, 2021 1:58:57 PM

It's my first one so I might be reading it wrong. But every box listed as dividends is $0. There are some other sections that list proceeds but I'm confused about how I would even report that.  All I can find in the FAQs about the 1099-DIV only talks about the dividends boxes.

Level 15
Feb 24, 2021 9:50:09 PM

@nmterpening  your consolidated 1099-B is three documents in one :

1099-INT, 1099-DIV and 1099-B

all non-zero amounts have to be entered.

Turbotax provides a screen for each document type.

so you should be able to match up the non-zero amounts to the correct entry in TurboTax.

 

 

 

 

Level 1
Feb 26, 2021 7:35:15 PM

Okay that makes more sense. Thank you for the clarification. I guess I'll be filing an amendment to my taxes then.

Returning Member
May 13, 2021 8:27:39 AM

I did not get a 1099-DIV for 2020.my broker said there none, based on what we did in 2019

Level 15
May 13, 2021 8:35:35 AM

If you have nothing  to report then you don't have to report nothing.