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Is income from an unclaimed property from Virginia taxable? It is on a 1099 form, and contains dividends and stock sale proceeds. If so, where should it be reported?
The form I received is from the division of unclaimed property.
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Is income from an unclaimed property from Virginia taxable? It is on a 1099 form, and contains dividends and stock sale proceeds. If so, where should it be reported?
If it was reported to you on a 1099, then it is taxable.
To enter a 1099-DIV:
1. Click Federal on the left-hand side menu.
2. Click Income across the top.
3. Scroll down to Interest and Dividends and click Show more.
4. Click Start or Revisit by Dividends on 1099-DIV.
To enter a 1099-B (stock sales):1. Click Federal on the left-hand side menu.
2. Click Income across the top.
3. Scroll down to Investment Income and click Show more.
4. Click Start or Revisit by Stocks, Mutual Funds, Bonds, Other.
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Is income from an unclaimed property from Virginia taxable? It is on a 1099 form, and contains dividends and stock sale proceeds. If so, where should it be reported?
If it was reported to you on a 1099, then it is taxable.
To enter a 1099-DIV:
1. Click Federal on the left-hand side menu.
2. Click Income across the top.
3. Scroll down to Interest and Dividends and click Show more.
4. Click Start or Revisit by Dividends on 1099-DIV.
To enter a 1099-B (stock sales):1. Click Federal on the left-hand side menu.
2. Click Income across the top.
3. Scroll down to Investment Income and click Show more.
4. Click Start or Revisit by Stocks, Mutual Funds, Bonds, Other.
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