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jdg40000
New Member

Should the $3 dividend on my bank statement ve included as dividends?

Dividend Summary:  Total Dividends 2021  2.97.  I rounded to $3.  This is shown on bank statement?

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2 Replies
AnnetteB6
Expert Alumni

Should the $3 dividend on my bank statement ve included as dividends?

It should be included as interest income as if it were reported on Form 1099-INT in box 1.

 

Use the following steps to get started:

 

  • On the top row of the TurboTax online screen, click on Search (or for CD/downloaded TurboTax locate the search box in the upper right corner) 
  • This opens a box where you can type in “1099-INT” (be sure to enter exactly as shown here) and click the magnifying glass (or for CD/downloaded TurboTax, click Find)
  • The search results will give you an option to “Jump to 1099-INT
  • Click on the blue “Jump to 1099-INT” link 
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Should the $3 dividend on my bank statement ve included as dividends?

Credit Union??? 

They call them dividends, but as already noted......it's really just interest that goes on a 1099-INT.

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*
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