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bonefish1
New Member

Do i have to claim dividends reported on 1099div if it was reinvested back into the company as a stock purchase?

 
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TomD8
Level 15

Do i have to claim dividends reported on 1099div if it was reinvested back into the company as a stock purchase?

Yes, you do.  That's because you actually received the dividends, even if you chose to have them automatically reinvested.

**Answers are correct to the best of my ability but do not constitute tax or legal advice.

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1 Reply
TomD8
Level 15

Do i have to claim dividends reported on 1099div if it was reinvested back into the company as a stock purchase?

Yes, you do.  That's because you actually received the dividends, even if you chose to have them automatically reinvested.

**Answers are correct to the best of my ability but do not constitute tax or legal advice.
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