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mkessler
New Member

Do I report dividends from a 1099-div that are from a life insurance policy common stock that were reinvested?

 
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Anita01
New Member

Do I report dividends from a 1099-div that are from a life insurance policy common stock that were reinvested?

Yes, if they were reinvested, you add the amount of the dividends to the cost basis of the stock you purchased with them, but you still pay tax on the dividends.  This way, you won't be taxed again on the dividend amount when you sell the stock.

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