Form 1099-DIV, Dividends and Distributions
What is Form 1099-DIV?
Form 1099-DIV is the official form for reporting your dividend income to you (and to the IRS). A payer is required to send you this information by February 1 of the current tax year. Sometimes a payer will send you some sort of substitute statement that provides you the same information a 1099-DIV would. You just enter that information into TurboTax as though it came from on an official 1099-DIV.
If you received a broker's statement or consolidated statement from your brokerage firm, enter the name of the firm as the payer of dividends. You do not have to separate dividend payments according to individual company or holding.
Entering Form 1099-DIV into TurboTax
Don't worry! TurboTax will ask you the right questions to get all your dividends and distributions entered, and we will perform all the calculations for you.
If you've already gone through the step-by-step interview and want to jump directly to the entry screen for this topic, follow these directions.
- Select the Federal Taxes tab (the Personal tab in the Home & Business edition).
- Select the Wages & Income subtab.
- Scroll down the Wages & Income screen until you see the Interest and Dividends group.
- Click on the Start/Update button to the right of the Dividends on 1099-DIV category.
- Follow the prompts.
What if I invested with multiple brokerage houses and have a 1099-DIV from each?
After you have entered in your first 1099-DIV, you will be given the option to add additional brokerage houses to your return. Simply click on the Add Another Broker or Payer button, and we'll walk you through adding any additional 1099-DIVs you might have.
If you have yet to receive your 1099-DIV, please click here to explore your options.
If you need to correct or change any information you have entered from your 1099-DIV, the steps you take depends on if you have already filed your tax return.
- If you have yet to file your return, simply follow the navigation instructions above, and correct or change your information.
- If you have already filed your return, you will need to amend your return. Please click here for instructions.
For questions about printing, please click here.
If you have questions about the availability of form 1099-DIV, please click here.