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If mid-February comes and goes without arrival of either the original or duplicate statement, call the IRS at (800) 829-1040 for help in getting this information. But you dont necessarily have to wait for the statements to file your return. Unlike a W-2, you generally dont have to attach 1099s to your 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.
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.
On the screen Lets import your tax info, select Enter a Different Way, select 1099-DIV, then Continue. Select Type it in Myself. On the next screen, enter the info for the Payers information box and box 1a, Total Ordinary Dividends, then Continue.
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.
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A common reason for receiving a 1099-DIV form is because some of the investments you own paid dividends during the year. You wont file the 1099-DIV with the Internal Revenue Service, but you will need the information it reports when preparing your tax return.
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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