Interest/Dividends/Other Types of Income > 1099-DIV Dividend Income

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Frequently Asked Tax Questions

Interest/Dividends/Other Types of Income - 1099-DIV Dividend Income

Rev. date: 1/2009

How do I report this 1099-DIV from my mutual fund?

Capital Gains and Losses
Dividend
Dividends and Distributions (Info Copy Only)
Mutual Fund

Enter the ordinary dividends from Form 1099-DIV (PDF), box 1a, on line 9a of Form 1040 (PDF), U.S. Individual Income Tax Return.
Enter any qualified dividends from Form 1099-DIV, box 1b, on line 9b of Form 1040.
If you have an amount entered in other boxes of your 1099-DIV refer to Form 1040, Schedule D Instructions (PDF) to see where to report them.
If your only capital gains and losses are from capital gain distributions, refer to Form 1040 Instructions (PDF).

Rev. date: 1/2009

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

Dividend
Interest Income
Interest Income (Info Copy Only)

Certain distributions commonly referred to as dividends are actually 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 show that income on Form 1040, Schedule B (PDF) or Form 1040A, Schedule 1 (PDF). You cannot file Form 1040EZ if your interest income is more than $1,500.

Rev. date: 1/2009

Is the tax on the Permanent Fund Dividend and Resource Rebate taxable?

Alaska Permanent Fund dividend.
Certain Government Payments (Info Copy Only)
Dividend
Interest Income

The Internal Revenue Service reminds Alaskans that the Alaska Permanent Fund Dividend and this year's Resource Rebate payment is taxable income for both adults and children, and must be reported on a Federal income for both adults and children, and must be reported on a Federal income tax return.

Because of the size of the Permanent Fund Dividend this year, every child under 18 who is a dependent will be required to file a tax return, and will be affected by the "kiddie tax" rules. Many older children may be affected as well.

See A Reminder to Alaskans for more details.


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