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Do i need to say "yes to thd dividends question, if they were below 10 dollars

Did you get dividends from holding company stocks or shares
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2 Replies
AnnetteB6
Employee Tax Expert

Do i need to say "yes to thd dividends question, if they were below 10 dollars

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.

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Do i need to say "yes to thd dividends question, if they were below 10 dollars

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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