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Bob-K3
Level 2

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. 

1 Best answer

Accepted Solutions
CherylW
Level 3

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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1 Reply
CherylW
Level 3

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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