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Dividends and Distributions

Rev. January 2024

Form 1099-DIV is a tax form used to report dividends and distributions received during a calendar year from various investment accounts, such as mutual funds or stocks. This form includes information about ordinary dividends, qualified dividends, capital gain distributions, section 897 gains, collectibles (28%) gain, federal income tax withheld, state tax withheld, and more.

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FAQ
  • When is Form 1099-DIV due?

    Form 1099-DIV is generally due to be filed with the IRS by January 31, if filing electronically, or by February 28, if filing on paper.

  • What information needs to be reported on Form 1099-DIV?

    Form 1099-DIV reports dividends and other distributions paid during the tax year, as well as certain related information such as federal income tax withheld, foreign taxes paid, and state tax information.

  • What types of entities are recipients of Form 1099-DIV?

    Recipients of Form 1099-DIV include individuals (U.S. citizens or residents, and nonresident aliens), estates and trusts, and corporations.

  • How do I obtain a copy of Form 1099-DIV?

    Copies of Form 1099-DIV are typically mailed to recipients by payers in January of each year. Recipients can also obtain a copy by contacting the payer directly or through the IRS website.

  • What happens if I don't file Form 1099-DIV?

    Failure to file Form 1099-DIV may result in penalties and fines from the IRS. It is important for payers to comply with their reporting obligations to avoid potential legal issues.

  • What is Form 1099-DIV?

    Form 1099-DIV is an information return used by payers to report dividends and other distributions paid during the year to recipients.

  • Who needs to file Form 1099-DIV?

    Payers who have paid dividends or distributions to individuals, estates, trusts, or corporations during the tax year are required to file Form 1099-DIV.

  • What is the difference between Form 1099-DIV and other forms in the 1099 series?

    The main difference between Form 1099-DIV and other forms in the 1099 series lies in the types of income reported. Form 1099-DIV specifically reports dividends and other distributions, while other forms report various types of income such as interest, rents, and royalties.

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ABOUT

Federal tax forms

Form 1099-DIV is one of Federal tax forms that are documents used to report and file federal income taxes with the Internal Revenue Service (IRS) in the United States. These forms are used by individuals, businesses, and organizations to report their income, deductions, and other relevant information necessary for calculating their federal tax liability.

The most commonly used federal tax form is the Form 1040, which is used by individual taxpayers to report their personal income tax. Other commonly used forms include the Form 1065 for partnerships, Form 1120 for corporations, and Form 990 for tax-exempt organizations.

Federal tax forms typically require taxpayers to report various sources of income, such as wages, salaries, and tips, as well as income from investments, rental properties, and other sources. The forms also allow taxpayers to claim deductions and credits for various expenses, such as charitable contributions, mortgage interest, and healthcare expenses.

It is important to file federal tax forms accurately and on time, as failure to do so can result in penalties and interest charges from the IRS.

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