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Form 1099 CAP Irs

Form 1099 CAP Irs

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okay for this video we want to look at the form 1099 div for dividends and distributions but specifically we want to focus on the non-dividend distribution component so if you receive a 1099 div and box 3 is completed for non-dividend distributions what is that exactly and how does it get reported on your return so I have a sample of 1099 div here and it is together with a complete form 1040 for our taxpayers or taxpayers junkie taxpayer so we're going to go over his 1040 and where all this is reported and then I do have one slide here covering some of the background on the 1099 div and what are these non-dividend distribution amounts so when we think of dividends and the 1099 div form for individual taxpayers most of the time the amounts are just simply report on schedule B of your 1040 and then it's subject to tax right you have qualified and non-qualified portions and so it's relatively straightforward right so most cases if we look at a 1099 div most taxpaye

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