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.

mtsk415
New Member

Received ordinary stock dividend on Restricted Stock Units vested before selling. Didn't reinvest dividend but, company sent check for dividend amount. How do I report?

 
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
AmandaR1
New Member

Received ordinary stock dividend on Restricted Stock Units vested before selling. Didn't reinvest dividend but, company sent check for dividend amount. How do I report?

You should have received a 1099-DIV reporting the dividends or you might find this in annual reporting statements. These are a return of profits from the company and don't affect you basis or sale in RSUs. It's reported as dividend income. 

To enter, from within your return, search Dividend income in the top right search box and select the first "Jump to... " result. There you can enter your dividends. 

View solution in original post

3 Replies
AmandaR1
New Member

Received ordinary stock dividend on Restricted Stock Units vested before selling. Didn't reinvest dividend but, company sent check for dividend amount. How do I report?

You should have received a 1099-DIV reporting the dividends or you might find this in annual reporting statements. These are a return of profits from the company and don't affect you basis or sale in RSUs. It's reported as dividend income. 

To enter, from within your return, search Dividend income in the top right search box and select the first "Jump to... " result. There you can enter your dividends. 

mtsk415
New Member

Received ordinary stock dividend on Restricted Stock Units vested before selling. Didn't reinvest dividend but, company sent check for dividend amount. How do I report?

would this be a Qualified Dividend because it's from RSU? or report as Ordinary Dividend?

Received ordinary stock dividend on Restricted Stock Units vested before selling. Didn't reinvest dividend but, company sent check for dividend amount. How do I report?

I have the same question.   TurboTax is treating the dividends from stock grants as ordinary income, which does not make sense to me.  1099-DIV Box 1a (ordinary dividends) is $x.  Box 1b is also $x.    But at the end of the day they are being treated as ordinary income, or it's being double counted-- I can't tell which.   Please help!

 

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