Should 1099 DIV Reinvested Be Reported

[kumaraja]

Hi,

Looking for some advice. The 1099 Div 1a box should be reported for tax purposes, although it is automatically reinvested in the same stock?

Thank you for your feedback!

AJ

[NCperson · Accepted solution]

yes, do not overthink it! if it is on a form you receive, enter it! 

your received the dividends, so it is income, then you turned right around and reinvest it.  

but since it is income, it is taxable.