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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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.
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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