Didn't receive a 1099-DIV

Forum|Forum|2 years ago
February 25, 2024
2 replies
20 views

My dividend was less than the $10 threshold and the company didn't create the 1099-DIV. Do I still need to enter it and if so. how do I know if it is qualified

Not A Product Question

Mike9241

Level 15

all income is supposed to be reported. Create a dummy 1099-div in the name of the company

Mike9241

JamesG1

Alumni - Intuit

The IRS says that all income earned worldwide is reportable. Enter the income as if you have received an IRS form 1099-DIV. Follow these steps:

Down the left side of the screen, click on Federal.
Down the left side of the screen, click on Wages & Income.
Scroll down to Investments and Savings. Click on the down arrow to the right.
Click Start / Revisit to the right of Dividends on 1099-DIV.
At the screen Let's finish pulling in your investment income, click Add investments.
At the screen Let's import your tax info, click Enter a different way.
At the screen OK, let's start with one investment type, select Dividends. Click Continue.
At the screen How would you like to upload, select Type it in myself.
Enter 1099-DIV information.
Click Continue.

In order to be considered qualified dividends, the dividends must:

Be paid by an American company or a qualifying foreign company
Be paid between January 1, 2023 and December 31, 2023
Meet the holding period requirement for the stock—the holding period is at least 60 days during the 121-day period that begins 60 days before the ex-dividend date (the day after a company announces its dividend payments to shareholders).

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