Open TurboTax

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Announcements
Your taxes, your way. Get expert help or do it yourself. >> Get started
Close icon
Do you have a TurboTax Online account?

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

cancel
Showing results for 
Search instead for 
Did you mean: 
sshaban
New Member

Do I need to enter 1099 DIV if they are under $1500?

I have 3 different 1099 DIV - only one is greater than $1500. Others are lower amounts.  Do all of them need to be entered?  

2 Replies
fanfare
Level 15

Do I need to enter 1099 DIV if they are under $1500?

Of course IRS will be happy to forgo the tax on your dividend income when you explain it was just too tiny an amount to be bothered with.
HelenaC
New Member

Do I need to enter 1099 DIV if they are under $1500?

Yes. Generallyyou have to report all of your 1099-DIV amounts, if you are required to file an income tax return. You have to report all worldwide income. 

The $1,500 reference:  If you are a dependent and had over $1,500 of ordinary dividends, you must file Schedule B (Form 1040A or 1040)Interest and Ordinary Dividends. It 

See the screenshots below for filing requirements.

About Community

Learn about taxes, budgeting, saving, borrowing, reducing debt, investing, and planning for retirement.

3.48m
Members

2.6m
Discussions

Manage cookies
v