I have investment accounts which accrued dividends but I had no withdrawals to myself. Do I have to list these dividends?
If these are taxable (not a retirement account) accounts, then yes. Each account should send you a consolidated tax statement listing the taxable dividends. Even though you haven't removed the funds from the account, the dividends are still taxable income.
I have investment accounts which accrued dividends but I had no withdrawals to myself. Do I have to list these dividends?
If these are taxable (not a retirement account) accounts, then yes. Each account should send you a consolidated tax statement listing the taxable dividends. Even though you haven't removed the funds from the account, the dividends are still taxable income.
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