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