What is a 1099-DIV?
Form 1099-DIV is used to report distributions such as dividends or capital gains that were paid on stock and liquidation distributions. A 1099-DIV form must be provided to the recipient and a copy mailed or e-filed to the IRS.
Why do I file Form 1099-DIV?
The IRS requires that all income be reported by businesses and individuals or penalties could apply.
Who needs to file a 1099-DIV Form?
Any business that has paid dividends on stock of $10 or more, withheld foreign or federal tax on dividends or has paid $600 or more as part of a liquidation must file Form 1099-DIV. See the official IRS instructions.
What to report on Form 1099-DIV
Distributions such as dividends, capital gains distributions or non-taxable distributions that were paid on stock and liquidation distributions.
Amount to report on Form 1099-DIV
$10 or more (except $600+ for liquidations)