Report Dividend Income on A Tax Return
Dividends are reported directly on Form 1040.
If the ordinary dividends you received total more than $1,500, or if you received dividends that belong to someone else because you are a nominee, then you must also file Schedule B.
How do you file dividends on tax return?
Reporting on Form 1040
Report dividend income on your 2019 tax return in the following places: Ordinary dividends are reported on Line 3b of your Form 1040. Qualified dividends are reported on Line 3a of your Form 1040.
How do I report 1099 div on my tax return?
The tax rate on your dividends varies, and depends on the type of dividend paid out to you.
- Look at Box 1a on your 1099-DIV form. Report the amount on line 9a of your tax return.
- Look at Box 1b on your 1099-DIV form. Report the amount shown on line 9b of your tax return.
- Report your dividends on Schedule B.
Where do 199a dividends go on tax return?
These dividends are attributable to qualified real estate investment trust (REIT) dividends received by the fund and are reported in Box 5 of Form 1099-DIV.
Do I have to report dividends on my taxes?
All dividends are taxable and all dividend income must be reported. If you don’t receive either form, but you did receive dividends in any amount, then you should still report your dividend income on your tax return. Dividends reinvested to purchase stock are still taxable.
What happens if you don’t report dividends?
You must give your correct social security number to the payer of your dividend income. If you don’t, you may be subject to a penalty and/or backup withholding.