Internal Revenue Service United States Department of the Treasury
Level Basic Advanced Military International

Income

Dividends and Corporate Distributions

Types of Distributions

Corporations make several types of distributions to their shareholders.

The corporate distributions that VITA/TCE tax preparers may handle are:

  • Ordinary dividends
  • Qualified dividends
  • Capital gain distributions
  • Nontaxable dividends and distributions
More Information

Most corporations use Form 1099-DIV to report distributions to shareholders.

Taxpayers who receive corporate distributions other than ordinary dividends, qualified dividends, nontaxable distributions, and capital gain distributions are not eligible for VITA/TCE assistance and should seek a professional tax preparer to complete their returns.