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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1 Best answer

Level 3

Jun 4, 2019 4:57:11 PM

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.

Level 3

Jun 4, 2019 4:57:11 PM

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.