IRS Form 1099-DIV, Dividends and Distributions, is a legal document completed by banks and other financial institutions (payers) and sent to the Internal Revenue Service (IRS) and investors (recipients) who had dividends and distributions from various types of investments during a calendar year. Once the investor receives Form 1099-DIV, it is necessary to put the information from this document on a Schedule B or Form 1040, US Individual Income Tax Return. File your tax return with a copy of the 1099-DIV Form by April 15.
The latest version of the form was issued in 2020 with all previous editions obsolete. You can download a fillable 1099-DIV example through the link below. If you are looking for other IRS 1099 Forms, you may find them through this link.
The payers need to provide the following information in the Dividends and Distributions tax form:
There are several pages in this form - for informational purposes, for the IRS, for the recipient's records and tax return, and the payer. If you need more information about Form 1099-DIV, consult the Official Instructions for 1099-DIV, issued by the IRS.
Form 1099-INT, Interest Income, is a related document completed by banks, credit unions, and other financial institutions to provide interest statements to applicable account holders. Unlike Form 1099-DIV that includes dividends and distributions, Form 1099-INT reports interest earnings on savings and checking accounts.
Form 1099-B, Proceeds from Broker and Barter Exchange Transactions, is completed by brokers and barter exchanges and sent to their customers to itemize all transactions, gains, and losses during the tax year. While Form 1099-DIV reports distributions and dividends, Form 1099-B provides the total amount of the customer's taxable gain and loss after the sale of stocks, options, and commodities.
Dividends on the 1099-DIV Form are reported to the IRS by financial institutions. 1099-DIV due date is January 31. Its mailing address depends on where your principal place of business is:
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