Are dividends earned from checking account the taxable?

wb157254 — Thu, 06 Jun 2019 13:32:16 GMT

Those dividends are usually really interest income. (Cred...

kerriP — Thu, 06 Jun 2019 13:32:18 GMT

Those dividends are usually really interest income. (Credit Union?) They are taxable, but as a practical matter amounts for bank account interest or dividends less than $10.00 are not usually reported to the account holder by the bank. ( $10 of interest probably would not change a persons taxes very much.)

However if more-better report them. They go in other income.

topic Are dividends earned from checking account the taxable? in Retirement tax questions

Are dividends earned from checking account the taxable?

Those dividends are usually really interest income. (Cred...