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demers-danny
New Member

I earned a $0.01 dividend on a stock i purchased through cashapp. Cashapp is not on the list of supported banks fpr turbo tax. It will not let me put in the info manually.

How do i proceed?
3 Replies
AnnetteB6
Expert Alumni

I earned a $0.01 dividend on a stock i purchased through cashapp. Cashapp is not on the list of supported banks fpr turbo tax. It will not let me put in the info manually.

The IRS allows you to round income items of less than 50 cents to zero dollars.  Since your dividend was only one penny, this would round down to zero dollars and you would not need to report it.  

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feiwenw66563
Level 1

I earned a $0.01 dividend on a stock i purchased through cashapp. Cashapp is not on the list of supported banks fpr turbo tax. It will not let me put in the info manually.

I earned a $.53 foreign dividend on a stock i purchased. Do i need to enter it?

ToddL99
Expert Alumni

I earned a $0.01 dividend on a stock i purchased through cashapp. Cashapp is not on the list of supported banks fpr turbo tax. It will not let me put in the info manually.

How was this dividend reported to you and was it denominated in $US?

 

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