1099-div has a reinvest amount 1029.06$ should that be taxed ?

jonbojouner · ‎April 17, 2023

charlesprep · ‎April 17, 2023

Yes you earned the dividend. It would not be taxed if it was in an IRA account

PattiF · ‎April 17, 2023

Investors do have to report dividends as taxable income even if they reinvest them to buy more shares. Companies and brokerage companies will report such dividends on 1099-DIV forms the same way regardless of whether you reinvest in new shares, and the IRS will expect you to include them on your annual tax return. You should receive a 1099-DIV for the stocks that are in the dividend reinvestment program.

Stocks (Options, Splits, Traders) 2 | Internal Revenue Service (irs.gov)

@jonbojouner

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"