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ppblack
New Member

Should i report my dividends from investments in the stock market???

 
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Anonymous
Not applicable

Should i report my dividends from investments in the stock market???

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.  

Should i report my dividends from investments in the stock market???

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.  

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