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.
Do I have to put dividends on my tax return?
If you received dividends from any of your investments this year, you may have to pay income tax on these payments. The Internal Revenue Service considers most dividends to be taxable income. So regardless of the amount of your dividend payments, you will likely need to report them on your tax return.
How do I report qualified dividends in 2018?
Reporting on Form 1040
- Ordinary dividends are reported on Line 3b of your Form 1040.
- Qualified dividends are reported on Line 3a of your Form 1040.
How are dividends taxed in 2019?
The dividend tax rate you will pay on ordinary dividends is 22%. Qualified dividends, on the other hand, are taxed at the capital gains rates, which are lower. For the 2019 tax year, you will not need to pay any taxes on qualified dividends as long as you have $38,600 or less of ordinary income.
How do I report less than $10 Dividends?
Although dividends less than $10 are not included on Form 1099-DIV, individuals are still required to report and pay taxes on these small dividends. All dividends, including dividends less than $10, must be reported when filing federal taxes.