Are dividends from mutual funds taxable?

[texasdianne-sbcg]

Are dividends from mutual funds that are not in an IRA taxable?

[HelenC12]

Yes, they are. Mutual fund capital gain and dividend distributions are taxable, both when reinvested and paid out in cash, for the year in which they are received. 

• If the amount was $10 or more, you should have received Form 1099-DIV.
• To enter your 1099-DIV, click here.