turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

rlvogel
New Member

Is a Capital Credit refund from electric company considered a dividend?

I did not get a 1099,  would I consider
 this refund a 1099
Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
MaryK4
Expert Alumni

Is a Capital Credit refund from electric company considered a dividend?

A capital credit refund is more like a patronage dividend, which is not a return on investment. Instead, it represents a rebate on the member's purchases from the co-op during the previous fiscal year.  As such, they are not taxable income to you.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies