What if my dividends are $10 or less?
You still need to report your dividend income, no matter the amount. However, your bank or stockbroker isn't required to send you a 1099-DIV, so you might not have one.
To report your dividend income without a 1099-DIV:
- Follow Steps 1-4 above.
- On the screen Let's import your tax info, select Enter a Different Way, select 1099-DIV, then Continue.
- Select Type it in Myself.
- On the next screen, enter the info for the Payer's information box and box 1a, Total Ordinary Dividends, then Continue.
- Select appropriate answer for Do these uncommon situations apply? and select Continue.