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Add up all the unfranked dividend amounts from your statements, including any TFN amounts withheld. Include any other amount that is treated as dividends. Write the total amount at label S.
If you receive over $1,500 of taxable ordinary dividends, you must report these dividends on Schedule B (Form 1040), Interest and Ordinary Dividends. If you receive dividends in docHub amounts, you may be subject to the Net Investment Income Tax (NIIT) and may have to pay estimated tax to avoid a penalty.
How do I report this Form 1099-DIV I received from my mutual fund? Enter the ordinary dividends from box 1a on Form 1099-DIV, Dividends and Distributions on line 3b of Form 1040, U.S. Individual Income Tax Return, Form 1040-SR, U.S. Tax Return for Seniors or Form 1040-NR, U.S. Nonresident Alien Income Tax Return.
Bank and other financial institutions must file form 1099-DIV with the IRS for each investor to whom they have paid dividends during the year, whether on paper or electronically. The financial institution must also provide a statement to the recipient to whom the dividend is paid.
Schedule B implications Even if you dont received a Form 1099-DIV, you are required to still report all of your taxable dividend income. Schedule B is necessary when the total amount of dividends and/or interest you receive exceeds $1,500.
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If you want to import your form, select your bank or brokerage from the list, enter your sign-in info for your online account, and select Get my form. If youd rather manually enter your form, select Enter a Different Way, select 1099-DIV, then Continue.
Select Federal from the left menu, then Wages Income. Locate the section titled Investments Savings and click open to Edit/Add. Click Yes on the screen Did you have investment income? If you see the screen Your investments savings or Heres your 1099-DIV info, select +Add investments.

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