turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

tkgerhart
New Member

1099-div minimum reporting amount. I rcvd a 1099-DIV for .24cents is this reportable or can I skip it?

This is my only 1099-DIV so if I can skip it I avoid being forced to TurboTAX premium $59 just to report .24cent div.
This feature is pending. Thanks for your patience.
Didn't get the answer you wanted? Our digital assistant can help you.
1 Best answer

Accepted Solutions

1099-div minimum reporting amount. I rcvd a 1099-DIV for .24cents is this reportable or can I skip it?

If you've only received one 1099-DIV for .24, you do not have to enter it.  The IRS allows for rounding, and in your case .24 rounds down to 0.

View solution in original post

1 Reply

1099-div minimum reporting amount. I rcvd a 1099-DIV for .24cents is this reportable or can I skip it?

If you've only received one 1099-DIV for .24, you do not have to enter it.  The IRS allows for rounding, and in your case .24 rounds down to 0.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
message box icon

Ready to start your taxes?

Hand off your taxes, get expert help, or do it yourself.

See Pricing
Manage cookies
v