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1099-DIV Dividend Income

Question: I received dividends from my credit union. How do I report this income?

Answer:

Certain distributions commonly referred to as dividends are actually reported as interest:

  • They include "dividends" on deposits or share accounts in cooperative banks, credit unions, domestic savings and loan associations, and mutual savings banks.
  • Interest income can be reported on Form 1040 (PDF), Form 1040A (PDF), or Form 1040EZ (PDF).
  • If your taxable interest income is more than $1,500, be sure to include that income on Schedule B (Form 1040A or 1040) and attach it to your tax return. You cannot file Form 1040EZ if your interest income is more than $1,500.

Additional Information:


Category: Interest, Dividends, Other Types of Income
Subcategory: 1099 DIV Dividend Income

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The OMB number for this study is 1545-1432.
If you have any comments regarding this study, please write to:
IRS, Tax Products Coordinating Committee
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