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Reinvested Dividends with no 1099-DIV? |
Hi, I figured the amount from my year end statement. I know I am jumping to conclusions but if I don't get a 1099, do I just imput the info without a Payer ID # (does it really matter?)or should I call to get one? The Payer ID is not required. Your money market dividends are reported as dividends on Schedule B. All amounts are required to be reported whether a 1099DIV was issued or not. You should get a 1099-INT for the taxable interest. They don't have to mail this until the end of the month, so you'll have to wait a while for it. You'll get a statement from the Money Market fund that shows the reinvested dividends. Since you already know the amount you've probably already got that statement. You must claim them as income on your 2007 return, whether you receive a Form 1099-DIV or not. When the amount is less than $10, a 1099 is not required, but you are still required to claim it on your taxes. 01.20.2008 |
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