Where do I post small Dividend amount received from my Credit Union? I did not receive a Dividend form.

Credit union “dividends” are usually actually interest from saving accounts, checking accounts, or CDs, and are generally reported as interest in Box 1 of Form 1099-INT, when the form is required to be provided to the taxpayer.

You’ll want to enter this income as interest in TurboTax Online:

1. If you don’t see 2022 TAXES in the left pane, select the dropdown to the right of Income & Expenses on the Hi, let’s keep working on your taxes! page and then select Let’s get started, Pick up where you left off, or Review/Edit. 

• Otherwise, in the left pane, select Federal, then Wages & Income (This is labelled Income & Expenses in TurboTax Self-Employed)

2. Scroll down and select the Show more dropdown to the right of Investments & Savings
3. Select Add investments
4. Select Continue on the Get ready to be impressed screen
5. Select Enter a different way on the Let’s import your tax info screen
6. Select the Interest box, then Continue
7. On the How would you like to upload your 1099-INT? screen, select Type it in myself at the bottom

Enter all of your information.  Although the screens reference Form 1099-INT, no form is needed.  Just enter the information that you have.

[Amended 2/24/2023 | 1:54 pm PST]

@edithney 

@JohnW152 

 

Are you sure?

....the Credit Union calls them dividends...but if they from the CU savings/checking accounts or CDs, they are usually reported just as "interest" on a 1099-INT form, in box 1.

 

I get a 1099-INT form from my credit union every year for my CU "dividends"....(well, because they are over $10), but even if under that amount I would report them myself as a 1099-INT  (as long as it was 50cents or higher).

__________

Now, if the CU happens to have actual stock offerings...beyond savings accounts...those stock dividends would be on a 1099-DIV.