Form 1099-DIV
Dividends and Distributions
Dividends and Distributions
A 1099-DIV, “Dividends and Distributions”, is a form used in the U.S. to report interest distributions, such as dividends, capital gain distributions, or non-taxable distributions, that were paid on stock and mutual fund accounts received during the tax year to both the Internal Revenue Service (IRS) and the person or entity who received the income. This form is part of the 1099 series, which are used to report various types of income that individuals may receive throughout the year other than salary from an employer. It is an essential document for tax reporting purposes, ensuring that information is correctly reported to the IRS.
Per the IRS, Form 1099-DIV is used by banks and other financial institutions to report to the IRS and taxpayers dividends and other distributions.