560755
I did not receive income from these dividends, so why is it reported in 1099-DIV as income?
You'll need to sign in or create an account to connect with an expert.
Unless your broker has made a horrible mistake, you did receive dividend income from one or more or your securities.
It's not necessary that you actually receive the cash and deposit it into your checking account to make a dividend "income" to you. If you left that cash in the brokerage account or if the dividend was automatically reinvested in more shares, it's still income when it's paid to you, irrespective of what you did with the funds.
Tom Young
Unless your broker has made a horrible mistake, you did receive dividend income from one or more or your securities.
It's not necessary that you actually receive the cash and deposit it into your checking account to make a dividend "income" to you. If you left that cash in the brokerage account or if the dividend was automatically reinvested in more shares, it's still income when it's paid to you, irrespective of what you did with the funds.
Tom Young
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
irelajohnson
New Member
kduckles
New Member
Daniel123456
Returning Member
edconway14
New Member
Vipul
Level 2