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ctblum320
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I HAVE A 1099-DIV SHOWING QUALIFIED DIVIDENDS. MY DIVIDENDS ARE REINVESTED. DO I NEED TO COMPLETE THIS PORTION OF THE RETURN? THANK YOU

 
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ToddL
New Member

I HAVE A 1099-DIV SHOWING QUALIFIED DIVIDENDS. MY DIVIDENDS ARE REINVESTED. DO I NEED TO COMPLETE THIS PORTION OF THE RETURN? THANK YOU

Yes, you need to complete this part of the interview to report the 1099-DIV income.

Dividends, even if reinvested, are taxable in the year they are earned (i.e. made available to you). 

Since reinvested dividends are taxed in the year earned, they also increase the cost basis of your stock or mutual fund holdings.

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ToddL
New Member

I HAVE A 1099-DIV SHOWING QUALIFIED DIVIDENDS. MY DIVIDENDS ARE REINVESTED. DO I NEED TO COMPLETE THIS PORTION OF THE RETURN? THANK YOU

Yes, you need to complete this part of the interview to report the 1099-DIV income.

Dividends, even if reinvested, are taxable in the year they are earned (i.e. made available to you). 

Since reinvested dividends are taxed in the year earned, they also increase the cost basis of your stock or mutual fund holdings.

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