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New Member
posted Mar 28, 2023 4:00:50 PM

I have investments and didn't take money out other than rmd. they sent me a 1099div and 1099int for the rest. Do I have to claim these as income on my taxes?

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2 Replies
Level 15
Mar 28, 2023 4:10:25 PM

Was the 1099Div and 1099Int for the IRA account?  You don't report Div & Interest on IRA accounts but you do for regular investment accounts.  

 

Enter them under

Federal

Wages & Income

Interest and Dividends

Interest on 1099-INT - Click the Start or Update button

Dividends on 1099-DIV - Click the Start or Update button


It's just as fast and easier to manually enter your W2 or 1099. Don't type the bank name or try to import it.
At the bottom pick - Change How I enter my Form

Then on the next screen pick - I'll Type it in Myself

Expert Alumni
Mar 28, 2023 4:21:01 PM

It depends on whether or not the dividends are from an IRA or an investment account. Check on the form to see if this is from an IRA account or a regular brokerage account.

 

Dividends earned within traditional IRAs are not taxed when they are paid or reinvested. Rather, as part of an IRA's earnings, they're taxed at one's current income tax rate when they are withdrawn. Earnings on investments within a Roth IRA, including dividends, grow on a tax-free basis and are not subject to taxation when withdrawn.

 

@laceygrace