Types of Distributions
Corporations make several types of distributions to their shareholders.
The corporate distributions that VITA/TCE tax preparers may handle are:
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.