"Each payer should send you a Form 1099-DIV. Enter your total ordinary dividends on line 9a. This amount should be shown in Form(s) 1099-DIV, box 1a. But you must fill in and attach Schedule B if the total is over $1,500 or you received, as a nominee, ordinary dividends that actually belong to someone else."
...Instructions to IRS 1040
Posts: 8075 | Location: in the backwoods of North Carolina | Registered: 06-07-02
JR, my impression is that all dividend income is reported (so long as one has enough income to file a tax return in the first place). It simply does not have to be itemized on Schedule B unless it is $1,500 or more.
insert something about getting professional advice here
Posts: 8075 | Location: in the backwoods of North Carolina | Registered: 06-07-02
