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

Income

Dividends and Corporate Distributions

Reporting Ordinary Dividends

Form 1099-DIV, Dividends and Distributions reports dividend income to the taxpayer and to the IRS.

Ordinary dividends are reported on Form 1040, line 9a. If the taxpayer's ordinary dividends exceed a specified amount, or if the taxpayer was the nominee for dividends that actually belong to someone else, Schedule B may need to be filed.

Married taxpayers who earn ordinary dividends from shares they own jointly must report the income:

  • Together on a joint return
  • By splitting the dividends evenly between the spouses' separate returns if they file as Married Filing Separately
  • Taxpayers who have Forms 1099-DIV reporting Unrecaptured Section 1250 gain, Section 1202 gain, cash liquidation distributions or noncash liquidation distributions are out of scope for VITA/TCE. Refer taxpayers with amounts in these boxes to a professional tax preparer.
More Information

For more information, see the Volunteer Resource Guide, Income tab, Dividend Statement for Schedule B, Line 5 Dividend Income.

Form 1040 with $1,452 entered on line 9a, ordinary dividends.
Form 1099-DIV

Form 1099-DIV