How do I create Form 1099-DIV?

Creating Form 1099-DIV

  1. Click on the Payer List button.
  2. Double click on the payer name.
  3. Highlight the recipient to add the form to.
  4. Click on the Add Form button.
  5. Choose 1099-DIV from the Form Type drop down menu.
  6. Fill in the necessary fields on the form:
    • Return Information Tab:
      • Corrected:  Check if this box applies.
      • Foreign country or U.S. possession:  Enter the name of the foreign country or U.S. possession to which the withheld tax applies.
      • State (1):  Enter state abbreviation. 
      • State identification no. (1):  Enter payer's state number.
      • State (2):  Enter state abbreviation.  
      • State identification no. (2):  Enter payer's state number.  
      • FATCA filing requirement:  Check this box if the payer is filing Form 1099-DIV to satisfy a chapter 4 account reporting requirement
      • 2nd TIN notice:  Check this box if notified by the IRS twice within 3 calendar years that the recipient provided an incorrect TIN. 
      • Account Number:  A number assigned to recipient by the payer.  This field is optional except for the following cases:
        • The recipient has multiple returns for the same return type.
        • The returns are filed using the E-file Center.
    • Transaction Summary Tab:
      • Total Ordinary dividends:  Enter dividends, including dividends from money market funds, net short-term capital gains from mutual funds, and other distributions on stock.
      • Qualified Dividends:  Enter the portion of the amount in box 1a that may be eligible for the 15% or 5% capital gain rates. 
      • Total capital gain distr.:  Enter total capital gain distributions (long-term).
      • Unrecap. Sec 1250 gain:  Enter any amount included in box 2a that is unrecaptured section 1250 gain from certain depreciable real property.
      • Section 1202 gain:  Enter any amount included in box 2a that is section 1202 gain from certain qualified small business stock.
      • Collectibles (28%) gain:  Enter 28% rate gain from sales and exchanges of collectibles.
      • Nondividend distributions:  Enter nondividend distributions, if determinable. 
      • Federal income tax withheld:  Enter backup withholding.
      • Section 199A Dividends:  Enter the section 199A dividends paid to the recipient. This amount is included in the amount reported in box 1a.
      • Investment expenses:  Enter expenses of a nonpublicly offered regulated investment company, generally a nonpublicly offered mutual fund.
      • Foreign tax paid:  Enter any foreign tax withheld and paid on dividends and other distributions on stock. 
      • Cash liquidation distributions:  Enter cash liquidation distributions.
      • Noncash liquidation distributions:  Enter non-cash liquidation distributions. 
      • Exempt-interest dividends:  Enter exempt-interest dividends from a mutual fund or other regulated investment company (RIC). 
      • Specified private activity bond interest dividends:  Enter exempt-interest dividends paid by a RIC on specified private activity bonds to the extent that the dividends are attributable to interest on the bonds received by the RIC minus an allocable share of the expenses. Generally, "specified private activity bond" means any private activity bond defined in section 141 and issued after August 7, 1986.
      • State tax withheld (1):  Enter state income tax withheld.
      • State tax withheld (2):  Enter state income tax withheld.
  7. Click Save. 
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