1099-DIV Dividend Income (2004 IRS FAQ)

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IRS FAQ 4.1 Interest/Dividends/Other Types of Income: 1099-DIV Dividend Income



How do I report this 1099-DIV from my mutual fund?

Enter the ordinary dividends from Form 1099-DIV (PDF), box 1a, on line 9a of Form 1040 (PDF), U.S. Individual Income Tax Return. Enter any qualified dividends from Form 1099-DIV, box 1b, on line 9b of Form 1040. Enter the total capital gain distributions from box 2a on line 13, column (f) of Form 1040, Schedule D (PDF). Enter the 28% rate gain portion of your capital gain distributions from box 2b on line 13, column (g) of Schedule D. If you have an amount in box 2c or box 2d, refer to Form 1040, Schedule D Instructions. Nontaxable distributions, box 3, that are return of capital distributions, reduce your cost basis and are not taxable until your basis is reduced to zero. If no amount is shown in boxes 2b through 2d, and your only capital gains and losses are capital gain distributions, refer to Form 1040 Instructions for line 13.

References:


I received dividends from my credit union. How do I report this income?

Certain distributions commonly referred to as dividends are actually interest. They include "dividends" on deposits or share accounts in cooperative banks, credit unions, domestic savings and loan associations, and mutual savings banks.

Report interest income on line 8a of Form 1040 (PDF) or Form 1040A (PDF), or line 2 of Form 1040EZ (PDF). If your taxable interest income is more than $1,500, be sure to show that income on Schedule B of Form 1040, or on Schedule 1 of Form 1040A. You cannot file Form 1040EZ if your interest income is more than $1,500. Refer to Interest Received, Interest Received, for additional information on interest income.

References:
  • Form 1040 (PDF), U.S. Individual Income Tax Return
  • Form 1040A (PDF), U.S. Individual Income Tax Return
  • Form 1040EZ (PDF), U.S. Individual Income Tax Return for Single and Joint Filers with No Dependents
  • Interest Received, Interest Received

Source: IRS.gov

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