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Will I receive a 1099-DIV from Robinhood? I started an account in Dec-2020 and invested only $29.55 in securities and $0 back in dividends, gains, interest earned.

I see $0.11 for estimated dividend yield and that's it.
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3 Replies
AnnetteB6
Employee Tax Expert

Will I receive a 1099-DIV from Robinhood? I started an account in Dec-2020 and invested only $29.55 in securities and $0 back in dividends, gains, interest earned.

No, you will not receive a Form 1099-DIV unless the total dividend distribution is $10 or more.  

 

 

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Will I receive a 1099-DIV from Robinhood? I started an account in Dec-2020 and invested only $29.55 in securities and $0 back in dividends, gains, interest earned.

Is that what estimated dividend yield is?

PattiF
Expert Alumni

Will I receive a 1099-DIV from Robinhood? I started an account in Dec-2020 and invested only $29.55 in securities and $0 back in dividends, gains, interest earned.

Yes, the estimated dividend yield is the dividend that you will received and AnnetteB6 is correct that you will not receive a 1099-DIV.

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