topic non-dividend distributions in Get your taxes done using TurboTax

non-dividend distributions

barbsberg — Tue, 24 Feb 2026 07:20:21 GMT

What are non-dividend distributions and where do I enter them in Turbo Tax?

Re: non-dividend distributions

fanfare — Thu, 21 Sep 2023 19:16:01 GMT

Do you have a tax document with a dollar amount?

If so, what is the type of the document?

@barbsberg

Re: non-dividend distributions

fanfare — Thu, 21 Sep 2023 19:28:43 GMT

you should google it.

@barbsberg

Re: non-dividend distributions

Mike9241 — Thu, 21 Sep 2023 19:31:36 GMT

you mean the amount on line 3 of 1099-Div. these are return of capital dividends which lower your tax basis in the related stock. They are not taxable as long as they don't reduce your tax basis in the stock below zero.

in theory, the reporting entity reduces your tax basis which you might not see until several months later on your monthly statements. if your basis goes negative the reporting entity should report this on the 1099-B. if you don't enter the amount on line 3 no harm is done because Turbotax does not use this amount for anything.