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Level 2
February 3, 2021
Question

1099-DIV

  • February 3, 2021
  • 1 reply
  • 5 views
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    Level 15
    February 3, 2021

    All dividends are taxable and all dividend income must be reported. This includes dividends reinvested to purchase stock. If you received dividends totaling $10 or more from any entity, then you should receive a Form 1099-DIV stating the amount you received.

     

    Form 1099-DIV reports dividend income you received from your investments. To enter this in TurboTax Online:

    1. Open or continue your return.
    2. Search for 1099-DIV and select the Jump to link in your search results.
    3. Answer Yes to Did you receive any dividend income?
    4. Choose your bank or brokerage from the list to import your 1099-DIV and select Continue or manually enter your 1099-DIV  by selecting I'll type it in myself.
    5. Follow the on-screen instructions to enter your 1099-DIV.

    Don't combine the amounts from two or more 1099-DIV forms if they're from the same payer. Instead, enter additional 1099-DIVs individually by answering Yes to Do you have any more dividend income from somewhere else? after you've entered all the information from your first 1099-DIV.

     

    If you've already entered a 1099-DIV and need to enter a second 1099-DIV, select Add another 1099-DIV and follow the same steps above.

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    Level 2
    February 3, 2021

    I know this. You did not answer my question.

    DMarkM1
    Level 15
    February 3, 2021

    @greenwelldr It appears your post was cut off.  What is your question concerning 1099-Div?  

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