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File 1099 DIV Online- What information is reported on 1099 DIV Boxes?

As we know, a new tax year begins with sending 1099 Tax FOrms to the IRS and to the individuals. Most of them are confused about 1099 Tax Forms because there are different types of forms reporting variant income. If you are among those who are filing 1099 DIV Online, then here’s a breakdown of 1099 DIV Boxes info & what you need to report on it:

1099 DIV Form Boxes Given below are the payments reported in respective boxes of the Form 1099 DIV. Enter the amount paid as dividend and distribution in the corresponding boxes to avoid Form 1099 DIV rejections:

Box 1 (a&b): Enter ordinary dividends and reduced capital gains in the respective box of the form.

Box 2: Include capital gain distributions.

Box 3: Enter the returns received on the capital amount.

Box 4: Backup withholding of federal tax in this box.

Box 5: Enter the portion of the amount of box 1a that is eligible for a 20% qualified business deduction.

Box 6: Shows the shares of expenses of a non-publicly offered RIC. Box 7: Enter the amount of foreign tax claimed as a deduction.

Box 8: If RIC reported foreign tax in box 7, then leave the box blank.

Box 9: Enter the amount paid under cash liquidation.

Box 10: Enter the amount paid under non-cash liquidation.

Box 11: Enter the exempt-interest dividends from a mutual fund paid to you in a tax year.

Box 12: Enter the exempt-interest dividends subject to the alternative minimum tax.

Box 13-15: Report the State taxes withheld under backup withholding rules in Box 13, 14, 15 respectively.

What information is reported in 1099 DIV Boxes?

The following information reported in 1099 DIV Boxes: Dividends and distributions on stocks: If you paid dividends including capital gain and exempt-interest dividends and other distributions of $10 as money or property, then you require to report the payments made to the IRS.

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