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waywardtz
New Member

IS 1099-DIV THE SAME AS 1099-R?

 
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ThomasM
New Member

IS 1099-DIV THE SAME AS 1099-R?

No, they are different forms for different types of income.

The 1099-DIV is for "dividend" income, which you may receive if you own a stock that pays dividends to shareholders.

The 1099-R is for "retirement" income.  That's the form you get if you take money out of your retirement account.

Each of these forms gets entered into a different section of TurboTax.  For dividends, you'll follow this path:  Federal Taxes > Wages & Income > Interest & Dividends > Dividends on 1099-DIV.  For retirement income, you'll follow this path:  Federal Taxes > Wages & Income > Retirement Plans & Social Security > IRA, 401k, Pension Plan Withdrawals (1099-R).

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2 Replies
ThomasM
New Member

IS 1099-DIV THE SAME AS 1099-R?

No, they are different forms for different types of income.

The 1099-DIV is for "dividend" income, which you may receive if you own a stock that pays dividends to shareholders.

The 1099-R is for "retirement" income.  That's the form you get if you take money out of your retirement account.

Each of these forms gets entered into a different section of TurboTax.  For dividends, you'll follow this path:  Federal Taxes > Wages & Income > Interest & Dividends > Dividends on 1099-DIV.  For retirement income, you'll follow this path:  Federal Taxes > Wages & Income > Retirement Plans & Social Security > IRA, 401k, Pension Plan Withdrawals (1099-R).

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jerry2000
Alumni

IS 1099-DIV THE SAME AS 1099-R?

No. Those are two very different things.
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