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th8a
Returning Member

I didn't get a 1099 DIV and dividends were under $10. Is the total the gross or net?

I received quarterly dividend payments. The company sent me a statement that shows fees of 12 cents, 3 cents per payment. I didn't receive a 1099 because the total is under $10 so I need to manually enter the dividends. Should I enter the gross amount of or the net amount, which is the gross amount minus 12 cents?

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2 Replies

I didn't get a 1099 DIV and dividends were under $10. Is the total the gross or net?

You'd enter the gross amount. Most bank fees are not deductible if this is a personal account, so that would be the end of the story in that case. If this is a business account, you might be able to claim a deduction for the 12 cents in the list of your business' expenses. 

DavidD66
Expert Alumni

I didn't get a 1099 DIV and dividends were under $10. Is the total the gross or net?

You should report the gross amount.  Although with such small amounts it's highly unlikely it will have any impact on your return either way.  

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