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Return to income

I have a question about dividend taxes. I received dividends and interest income during the year. Am I subject to dividend income taxes?

Yes. You will likely owe dividend income taxes as all dividend income is taxable.

You should receive a Form 1099-DIV reporting your dividends for 2016. Some items reported on Form 1099-DIV are non-dividend distributions. They're subject to tax only when the distribution is more than your basis in the stock.

If you’re required to file a return and owe dividend taxes, report your dividends on your Form 1040.  

If you had more than $1,500 of taxable interest or ordinary dividends, you’ll need to file Schedule B.

 

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Calculators

So how much will you get (or owe) this year? That’s the million-dollar question. We happen to have three very useful calculators to help you estimate your refund or balance due.

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