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

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

hoskinsbg
New Member

Is interest income reported on a 1099-div from an employee stock purchase with accompany match(Walmart-no stocks have ever been sold by us) reported as income?

It is a Walmart employee stock purchase.  Walmart has a company match.  No stocks have ever been sold.

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 Best answer

Accepted Solutions
GeoffreyG
New Member

Is interest income reported on a 1099-div from an employee stock purchase with accompany match(Walmart-no stocks have ever been sold by us) reported as income?

The answer to your question is yes, you do need to include the dividends received on your Walmart stock (and as reported to you on Form 1099-DIV) on your personal income tax return.  The fact that you are the owner of the Walmart shares (however acquired), and that your shares are not held in a tax-sheltered retirement account (like an IRA, for example), makes you legally responsible for reporting the dividend income.

On a more personal note, as a practicing CPA in the United States, I am somewhat familiar with the Walmart Employee Stock Purchase Plan.  Based on the multiple such Walmart employee tax returns that I have seen or prepared personally, you absolutely do need to record the dividend income on your personal return.

Although you may have already found where to mechanically input your 1099-DIV into the TurboTax software, if you have not, then you can use the easy instructions detailed at the following link:

https://ttlc.intuit.com/questions/2952456-where-do-i-enter-my-1099-div


Thank you for asking this question.

View solution in original post

1 Reply
GeoffreyG
New Member

Is interest income reported on a 1099-div from an employee stock purchase with accompany match(Walmart-no stocks have ever been sold by us) reported as income?

The answer to your question is yes, you do need to include the dividends received on your Walmart stock (and as reported to you on Form 1099-DIV) on your personal income tax return.  The fact that you are the owner of the Walmart shares (however acquired), and that your shares are not held in a tax-sheltered retirement account (like an IRA, for example), makes you legally responsible for reporting the dividend income.

On a more personal note, as a practicing CPA in the United States, I am somewhat familiar with the Walmart Employee Stock Purchase Plan.  Based on the multiple such Walmart employee tax returns that I have seen or prepared personally, you absolutely do need to record the dividend income on your personal return.

Although you may have already found where to mechanically input your 1099-DIV into the TurboTax software, if you have not, then you can use the easy instructions detailed at the following link:

https://ttlc.intuit.com/questions/2952456-where-do-i-enter-my-1099-div


Thank you for asking this question.

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question