Exempt Interest Dividends
What are Tax Exempt Dividends?
Tax-exempt interest from a mutual fund produces exempt-interest dividends when paid to the shareholder.
Are Exempt Interest Dividends Taxed?
Exempt interest dividends from mutual funds aren’t taxable, but you should report them on your return if you’re required to file. Dividends exempt from interest might be subject to Alternative Minimum Tax (AMT).
How Are Exempt Interest Dividends Reported?
Exempt interest dividends are reported to a taxpayer on Form 1099-DIV, whether or not it’s subject to AMT.
More Help with Taxable and Tax Exempt Interest Dividends
Don’t do it alone! For guidance on who pays interest dividends—and how much—contact a tax pro at H&R Block. Find a tax office location nearest you now!
Related Resources
Do capital gains apply to garage sale money? The answer depends on a number of factors. Learn more at H&R Block.
Professional golfer taxes can be complicated and confusing. Learn more about tricky golfer tax issues like travel deductions and residency rules with H&R Block.
Thinking about renting out a room in your home? Learn more about the potential tax implications with the experts at H&R Block.
Finding your taxable income is an important part of filing taxes. Learn how to calculate your taxable income with help from the experts at H&R Block.