Get the free Form 1099-DIV

This document provides detailed instructions for reporting dividends and distributions on Form 1099-DIV, including information about qualified dividends, backup withholding, and specific filing requirements

How to fill out form 1099-div

How to fill out Form 1099-DIV

1. Obtain a copy of Form 1099-DIV from the IRS website or a tax software.
2. Fill in the payer's information, including the name, address, and taxpayer identification number (TIN).
3. Enter the recipient's information, including their name, address, and TIN.
4. Report the total dividends paid in Box 1a.
5. If applicable, report capital gain distributions in Box 2a.
6. Fill out any additional boxes that apply, such as Box 3 for non-dividend distributions.
7. Complete the applicable checkboxes for foreign tax paid or cash liquidation.
8. Review the form for accuracy and completeness.
9. Make copies of the form for your records.
10. Submit the form to the IRS and provide a copy to the recipient by the deadline.

Who needs Form 1099-DIV?

1. Individuals or entities that have received dividends from stocks or mutual funds.
2. Corporations or partnerships that distribute dividends.
3. Shareholders who have received dividends totaling $10 or more during the tax year.
4. Investors who have any reportable capital gains distributions.

People Also Ask about

Who fills out 1099-div?

More In Forms and Instructions Form 1099-DIV is used by banks and other financial institutions to report dividends and other distributions to taxpayers and to the IRS.

What form is 1099-Div?

You must file Form 1099-DIV (with a Form 1096) with the IRS for each of the other owners to show their share of the income, and you must furnish a Form 1099-DIV to each. A spouse is not required to file a nominee return to show amounts owned by the other spouse.

What happens if you don't file 1099-div?

If you receive a Form 1099-DIV and do not report the dividends on your tax return, the IRS will likely send you a CP2000, Underreported Income notice. This IRS notice will propose additional tax, penalties and interest on your dividends and any other unreported income.

Which dividends are tax-exempt?

Nontaxable dividends are dividends from a mutual fund or some other regulated investment company that are not subject to taxes. Such funds are often not taxed because they invest in municipal or other tax-exempt securities.

For pdfFiller’s FAQs

What is Form 1099-DIV?

Form 1099-DIV is a tax form used to report dividends and distributions to shareholders. It is issued by financial institutions to investors who have received dividend income over a certain threshold during the tax year.

Who is required to file Form 1099-DIV?

Financial institutions, corporations, and other entities that pay dividends or distributions to shareholders totaling $10 or more in a calendar year are required to file Form 1099-DIV.

How to fill out Form 1099-DIV?

To fill out Form 1099-DIV, you need to provide the payer's information (name, address, and TIN), the recipient's information (name, address, and TIN), and the relevant details of the dividends or distributions, including cash dividends, noncash dividends, and capital gains distributions.

What is the purpose of Form 1099-DIV?

The purpose of Form 1099-DIV is to report dividend income to the IRS and to the recipients. It ensures that both the payer and the recipient are aware of the income received, which is necessary for accurate tax reporting.

What information must be reported on Form 1099-DIV?

Form 1099-DIV must report the total ordinary dividends, qualified dividends, total capital gain distributions, noncash dividends, and any federal income tax withheld on the payments, among other details.