What You Need to Know About Form 1099-DIV
The 1099-DIV is used to report dividends (including capital gain dividends and exempt-interest dividends) and other distributions on stock of $10 or more.
Applicable businesses: Banks, investment companies, mutual fund companies and other financial institutions.
When to file: 1099-DIV forms must be mailed to recipients by January 31, and e-filed with the IRS by March 31 each year.
The 1099-DIV should also be filed for each person for whom:
- Paid more than $10 in dividends (including capital gains dividends and exempt interest dividends)
- Any foreign tax on dividends and other distributions on stock have been withheld and paid
- Any federal income tax on dividends under the backup withholding rules have been withheld
- $600 or more has been paid as part of a liquidation