1728127
You'll need to sign in or create an account to connect with an expert.
Yes unless you prefer a notice from the IRS and then may have to amend your return. Certain dividends may qualify for the 0% bracket but you still have to enter them. simply put US citizens (including foreigners who elect to be taxed as US citizens) are taxed on their worldwide income.
You should get a 1099 DIV or 1099 INT or 1099B for investments. You might get a consolidated 1099 from a fund or broker. It will have sections for each kind of 1099 to enter in the right place. You do not report any dividends or interest or transactions in a IRA or 401k account.
If you have the dividends reinvested in the stock or fund you still have to report it. And be sure to add the dividend to the stock/fund cost basis when you sell because it bought more shares.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
crevitch
Level 2
sskale1
Level 2
dlt1018
New Member
puneetsharma
New Member
naejay32
New Member