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Yes, you are required to report dividends you received for any amount over $0.49.
The financial institution is not required to send you a Form 1099-DIV for amounts less than $10, but you are expected to report it as income on your return.
No. IRS has no record of tiny dividends if you did not get a 1099-DIV.
CAUTION: your consolidated 1099-B statement includes a 1099-DIV.
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