Timeline for If I purchase and simply hold on to a non-dividend yielding stock for an entire fiscal year, will I need to report it on my tax return?
Current License: CC BY-SA 4.0
11 events
| when toggle format | what | by | license | comment | |
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| Dec 27, 2019 at 10:46 | comment | added | dave_thompson_085 | @BobBaerker+ on every US broker I have used they provide a 'substitute' 1099-DIV with the totals (only), and on a separate page labelled something like 'suppplemental information not reported to IRS' they have the breakdown by holding. | |
| Dec 27, 2019 at 2:11 | comment | added | Bob Baerker | If you receive more than $10 in dividends, your broker sends Form 1099-DIV to you and to the IRS. The Form breaks down the types of dividends (Ordinary, Qualified, Non Qualified, Non-US Qualified Dividends). I can't speak for all brokers but the ones that I have used have listed the dividends individually with the company's name. | |
| Dec 27, 2019 at 1:47 | history | edited | prl | CC BY-SA 4.0 |
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| Dec 27, 2019 at 1:43 | comment | added | prl | ARJ, yes your broker will report dividends paid, both to you and to the IRS, and you need to include them in your income. All I was saying is that your broker doesn’t report which stocks you own that paid the dividends, | |
| Dec 27, 2019 at 1:41 | comment | added | prl | @Bob, yes your broker report dividends paid to the IRS, but it doesn’t report which stocks you hold, right? It just reports aggregate dividends, as far as I know. | |
| Dec 26, 2019 at 23:46 | comment | added | ARJ | Thank you for answering my question! Wait. So if I have this time dividend yielding stocks through a brokerage like Robinhood, dividends that are paid out don't need to be reported on my tax return? They must still need to be included somewhere and accounted in my total income though, no? | |
| Dec 26, 2019 at 23:40 | vote | accept | ARJ | ||
| Dec 26, 2019 at 23:40 | vote | accept | ARJ | ||
| Dec 26, 2019 at 23:40 | |||||
| Dec 26, 2019 at 23:28 | comment | added | Bob Baerker | Ddividends are paid to you by your broker (unless you have a direct DRIP with the company). Not that they care but the IRS does know about your ownership of dividend paying stocks because brokers report dividends to the IRS and you must account for them on your tax return if received in a non sheltered account. | |
| Dec 26, 2019 at 23:12 | comment | added | ab2 | Agree with above answer. | |
| Dec 26, 2019 at 22:54 | history | answered | prl | CC BY-SA 4.0 |