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Irs Forms For 2011 Tax Year

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Irs Forms For 2011 Tax Year

Irs forms for 2011 tax year 5. Irs forms for 2011 tax year   Illustrated Examples Table of Contents Illustrated Example of Form 4563Line 1. Irs forms for 2011 tax year Line 2. Irs forms for 2011 tax year Lines 3a and 3b. Irs forms for 2011 tax year Lines 4a and 4b. Irs forms for 2011 tax year Line 5. Irs forms for 2011 tax year Line 6. Irs forms for 2011 tax year Line 7. Irs forms for 2011 tax year Line 9. Irs forms for 2011 tax year Line 15. Irs forms for 2011 tax year Illustrated Example of Form 5074Part I. Irs forms for 2011 tax year Part II. Irs forms for 2011 tax year Part III. Irs forms for 2011 tax year Illustrated Example of Form 8689Part I. Irs forms for 2011 tax year Part II. Irs forms for 2011 tax year Part III. Irs forms for 2011 tax year Part IV. Irs forms for 2011 tax year Use the following examples to help you complete the correct attachment to your Form 1040. Irs forms for 2011 tax year The completed form for each example is shown on the pages that follow. Irs forms for 2011 tax year Illustrated Example of Form 4563 John Black is a U. Irs forms for 2011 tax year S. Irs forms for 2011 tax year citizen, single, and under 65. Irs forms for 2011 tax year He was a bona fide resident of American Samoa during all of 2013. Irs forms for 2011 tax year John must file Form 1040 because his gross income from sources outside the possessions ($10,000 of dividends from U. Irs forms for 2011 tax year S. Irs forms for 2011 tax year corporations) is more than his adjusted filing requirement for single filers under 65. Irs forms for 2011 tax year (See Filing Requirement if Possession Income Is Excluded in chapter 4. Irs forms for 2011 tax year ) Because he must file Form 1040 (not illustrated), he fills out Form 4563 to determine the amount of income from American Samoa he can exclude. Irs forms for 2011 tax year See Bona Fide Resident of American Samoa in chapter 3. Irs forms for 2011 tax year Completing Form 4563. Irs forms for 2011 tax year   John enters his name and social security number at the top of the form. Irs forms for 2011 tax year Line 1. Irs forms for 2011 tax year   On Form 4563 (see later), John enters the date his bona fide residence began in American Samoa, June 2, 2012. Irs forms for 2011 tax year Because he is still a bona fide resident, he enters “not ended” in the second blank space. Irs forms for 2011 tax year Line 2. Irs forms for 2011 tax year   He checks the box labeled “Rented house or apartment” to describe his type of living quarters in American Samoa. Irs forms for 2011 tax year Lines 3a and 3b. Irs forms for 2011 tax year   He checks “No” on line 3a because no family members lived with him. Irs forms for 2011 tax year He leaves line 3b blank. Irs forms for 2011 tax year Lines 4a and 4b. Irs forms for 2011 tax year   He checks “No” on line 4a because he did not maintain a home outside American Samoa. Irs forms for 2011 tax year He leaves line 4b blank. Irs forms for 2011 tax year Line 5. Irs forms for 2011 tax year   He enters the name and address of his employer, Samoa Products Co. Irs forms for 2011 tax year It is a private American Samoa corporation. Irs forms for 2011 tax year Line 6. Irs forms for 2011 tax year   He enters the dates of his 2-week vacation to New Zealand from November 11 to November 25. Irs forms for 2011 tax year That was his only trip outside American Samoa during the year. Irs forms for 2011 tax year Line 7. Irs forms for 2011 tax year   He enters the $24,000 in wages he received from Samoa Products Co. Irs forms for 2011 tax year Line 9. Irs forms for 2011 tax year   He received $220 in dividends from an American Samoa corporation, which he enters here. Irs forms for 2011 tax year He also received $10,000 of dividends from a U. Irs forms for 2011 tax year S. Irs forms for 2011 tax year corporation, but he will enter that amount only on his Form 1040 because the U. Irs forms for 2011 tax year S. Irs forms for 2011 tax year dividends do not qualify for the possession exclusion. Irs forms for 2011 tax year Line 15. Irs forms for 2011 tax year   John totals the amounts on lines 7 and 9 to get the amount he can exclude from his gross income in 2013. Irs forms for 2011 tax year He will not enter his excluded income on Form 1040. Irs forms for 2011 tax year However, he will attach his completed Form 4563 to his Form 1040. Irs forms for 2011 tax year Illustrated Example of Form 5074 Tracy Grey is a U. Irs forms for 2011 tax year S. Irs forms for 2011 tax year citizen who is a self-employed fisheries consultant with a tax home in New York. Irs forms for 2011 tax year Her only income for 2013 was net self-employment income of $80,000. Irs forms for 2011 tax year Of the $80,000, $20,000 was from consulting work in Guam and the rest was earned in the United States. Irs forms for 2011 tax year Thinking she would owe tax to Guam on the $20,000, Tracy made estimated tax payments of $1,409 to Guam. Irs forms for 2011 tax year She was not a bona fide resident of Guam during 2013. Irs forms for 2011 tax year Tracy completes Form 1040 (not illustrated), reporting her worldwide income. Irs forms for 2011 tax year Because the adjusted gross income on her Form 1040 was $50,000 or more and at least $5,000 of her gross income is from Guam, Tracy must file Form 5074 with her Form 1040. Irs forms for 2011 tax year All amounts reported on Form 5074 are also reported on her Form 1040. Irs forms for 2011 tax year See U. Irs forms for 2011 tax year S. Irs forms for 2011 tax year Citizen or Resident Alien (Other Than a Bona Fide Resident of Guam) in chapter 3. Irs forms for 2011 tax year Completing Form 5074. Irs forms for 2011 tax year   Tracy enters her name and social security number at the top of the form. Irs forms for 2011 tax year Part I. Irs forms for 2011 tax year   On Form 5074 (see later), Tracy enters her self-employment income from Guam ($20,000) on line 6. Irs forms for 2011 tax year She has no other income from Guam, so the total on line 16 is $20,000. Irs forms for 2011 tax year Part II. Irs forms for 2011 tax year   Tracy's only adjustment in Part II is the deductible part of the self-employment tax on her net income earned in Guam. Irs forms for 2011 tax year She enters $1,413 on line 21 and line 28. Irs forms for 2011 tax year Her adjusted gross income on line 29 is $18,587. Irs forms for 2011 tax year Part III. Irs forms for 2011 tax year   Tracy made estimated tax payments of $1,409. Irs forms for 2011 tax year She enters this amount on line 30, and again on line 34 as the total payments. Irs forms for 2011 tax year Illustrated Example of Form 8689 Juan and Carla Moreno live and work in the United States. Irs forms for 2011 tax year In 2013, they received $14,400 in income from the rental of a condominium they own in the U. Irs forms for 2011 tax year S. Irs forms for 2011 tax year Virgin Islands (USVI). Irs forms for 2011 tax year The rental income was deposited in a bank in the USVI and they received $500 of interest on this income. Irs forms for 2011 tax year They were not bona fide residents of the USVI during the entire tax year. Irs forms for 2011 tax year The Morenos complete Form 1040 (not illustrated), reporting their income from all sources, including their interest income and the income and expenses from their USVI rental property (reported on Schedule E (Form 1040)). Irs forms for 2011 tax year The Morenos take the standard deduction for married filing jointly, both are under 65, and they have no dependents. Irs forms for 2011 tax year The Morenos also complete Form 8689 to determine how much of their U. Irs forms for 2011 tax year S. Irs forms for 2011 tax year tax shown on Form 1040, line 61 (with certain adjustments), must be paid to the U. Irs forms for 2011 tax year S. Irs forms for 2011 tax year Virgin Islands. Irs forms for 2011 tax year See U. Irs forms for 2011 tax year S. Irs forms for 2011 tax year Citizen or Resident Alien (Other Than a Bona Fide Resident of the USVI) in chapter 3. Irs forms for 2011 tax year The Morenos file their Form 1040, attaching Form 8689 and all other schedules, with the Internal Revenue Service. Irs forms for 2011 tax year At the same time, they send a copy of their Form 1040 with all attachments, including Form 8689, to the Virgin Islands Bureau of Internal Revenue. Irs forms for 2011 tax year The Virgin Islands Bureau of Internal Revenue will process this copy. Irs forms for 2011 tax year Completing Form 8689. Irs forms for 2011 tax year   Juan and Carla enter their names and Juan's social security number at the top of the form. Irs forms for 2011 tax year Part I. Irs forms for 2011 tax year   The Morenos enter their income from the USVI in Part I (see later). Irs forms for 2011 tax year The interest income is entered on line 2 and the net rental income of $6,200 ($14,400 of rental income minus $8,200 of rental expenses) is entered on line 11. Irs forms for 2011 tax year The Morenos' total USVI income of $6,700 is entered on line 16. Irs forms for 2011 tax year Part II. Irs forms for 2011 tax year   The Morenos have no adjustments to their USVI income, so they enter zero (-0-) on line 28, and $6,700 on line 29. Irs forms for 2011 tax year Their USVI adjusted gross income (AGI) is $6,700. Irs forms for 2011 tax year Part III. Irs forms for 2011 tax year   On line 30, the Morenos enter the amount from Form 1040, line 61 ($4,539). Irs forms for 2011 tax year Their Form 1040 does not show any entries required on line 31, so they leave that line blank and enter $4,539 on line 32. Irs forms for 2011 tax year   The Morenos enter their worldwide AGI, $54,901 (Form 1040, line 38), on line 33. Irs forms for 2011 tax year Next, they find what percentage of their AGI is from USVI sources ($6,700 ÷ $54,901 = 0. Irs forms for 2011 tax year 122) and enter that as a decimal on line 34. Irs forms for 2011 tax year They then apply that percentage to the U. Irs forms for 2011 tax year S. Irs forms for 2011 tax year tax entered on line 32 to find the amount of U. Irs forms for 2011 tax year S. Irs forms for 2011 tax year tax allocated to USVI income ($4,539 x 0. Irs forms for 2011 tax year 122 = $554), and enter that amount on line 35. Irs forms for 2011 tax year Part IV. Irs forms for 2011 tax year   Part IV is used to show payments of income tax to the USVI only. Irs forms for 2011 tax year The Morenos had no tax withheld by the U. Irs forms for 2011 tax year S. Irs forms for 2011 tax year Virgin Islands, but made estimated tax payments to the USVI of $400, which they entered on lines 37 and 39. Irs forms for 2011 tax year They include this amount ($400) in the total payments on Form 1040, line 72. Irs forms for 2011 tax year On the dotted line next to the entry space for line 72, they enter “Form 8689” and show the amount. Irs forms for 2011 tax year The Morenos do not complete Form 1116 because they receive credit on Form 1040, line 72, for the tax paid to the USVI. Irs forms for 2011 tax year   The income tax they owe to the USVI ($154) is shown on Form 8689, line 44. Irs forms for 2011 tax year They enter this amount on line 45. Irs forms for 2011 tax year They also include this additional amount ($154) on the dotted line next to the entry space and in the total on Form 1040, line 72. Irs forms for 2011 tax year The Morenos will pay their USVI tax at the same time they file the copy of their U. Irs forms for 2011 tax year S. Irs forms for 2011 tax year income tax return with the U. Irs forms for 2011 tax year S. Irs forms for 2011 tax year Virgin Islands. Irs forms for 2011 tax year This image is too large to be displayed in the current screen. Irs forms for 2011 tax year Please click the link to view the image. Irs forms for 2011 tax year Form 4563, page 1 for John Black This image is too large to be displayed in the current screen. Irs forms for 2011 tax year Please click the link to view the image. Irs forms for 2011 tax year Form 5074, for Tracy Grey This image is too large to be displayed in the current screen. Irs forms for 2011 tax year Please click the link to view the image. Irs forms for 2011 tax year Form 8689, page 1 for Juan and Carla Moreno Prev  Up  Next   Home   More Online Publications
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Tax Relief for Victims of Tropical Storm Lee in Pennsylvania

E-file to Remain Open through Oct. 31 for Tropical Storm Lee Victims

Updated 11/1/11 to include Huntingdon and Monroe counties.
Updated 9/27/11 to include Berks, Bucks, Chester, Delaware, Montgomery, Northampton and Philadelphia counties.

PA-34-2011, Sept. 13, 2011

PHILADELPHIA — Victims of Tropical Storm Lee that began on Sept. 3, 2011 in parts of Pennsylvania may qualify for tax relief from the Internal Revenue Service.

The President has declared the following counties a federal disaster area: Adams, Berks, Bradford, Bucks, Chester, Columbia, Cumberland, Dauphin, Delaware, Huntingdon, Lancaster, Lebanon, Luzerne, Lycoming, Monroe, Montgomery, Montour, Northampton, Northumberland, Perry, Philadelphia, Schuylkill, Snyder, Sullivan, Susquehanna, Union, Wyoming and York. Individuals who reside or have a business in these counties may qualify for tax relief.

The declaration permits the IRS to postpone certain deadlines for taxpayers who reside or have a business in the disaster area. For instance, certain deadlines falling on or after Sept. 3, and on or before Oct. 31, have been postponed to Oct. 31, 2011. This includes corporations and other businesses that previously obtained an extension until Sept. 15 to file their 2010 returns, and individuals and businesses that received a similar extension until Oct. 17. It also includes the estimated tax payment for the third quarter, normally due Sept. 15.

In addition, the IRS is waiving the failure-to-deposit penalties for employment and excise tax deposits due on or after Sept. 3, and on or before Sept. 19, as long as the deposits are made by Sept. 19, 2011.

If an affected taxpayer receives a penalty notice from the IRS, the taxpayer should call the telephone number on the notice to have the IRS abate any interest and any late filing or late payment penalties that would otherwise apply. Penalties or interest will be abated only for taxpayers who have an original or extended filing, payment or deposit due date, including an extended filing or payment due date, that falls within the postponement period.

The IRS automatically identifies taxpayers located in the covered disaster area and applies automatic filing and payment relief. But affected taxpayers who reside or have a business located outside the covered disaster area must call the IRS disaster hotline at 1-866-562-5227 to request this tax relief.

Covered Disaster Area

The counties listed above constitute a covered disaster area for purposes of Treas. Reg. § 301.7508A-1(d)(2) and are entitled to the relief detailed below.

Affected Taxpayers

Taxpayers considered to be affected taxpayers eligible for the postponement of time to file returns, pay taxes and perform other time-sensitive acts are those taxpayers listed in Treas. Reg. § 301.7508A-1(d)(1), and include individuals who live, and businesses whose principal place of business is located, in the covered disaster area. Taxpayers not in the covered disaster area, but whose records necessary to meet a deadline listed in Treas. Reg. § 301.7508A-1(c) are in the covered disaster area, are also entitled to relief. In addition, all relief workers affiliated with a recognized government or philanthropic organization assisting in the relief activities in the covered disaster area and any individual visiting the covered disaster area who was killed or injured as a result of the disaster are entitled to relief.

Grant of Relief

Under section 7508A, the IRS gives affected taxpayers until Oct. 31 to file most tax returns (including individual, corporate, and estate and trust income tax returns; partnership returns, S corporation returns, and trust returns; estate, gift, and generation-skipping transfer tax returns; and employment and certain excise tax returns), or to make tax payments, including estimated tax payments, that have either an original or extended due date occurring on or after Sept. 3 and on or before Oct. 31.

The IRS also gives affected taxpayers until Oct. 31 to perform other time-sensitive actions described in Treas. Reg. § 301.7508A-1(c)(1) and Rev. Proc. 2007-56, 2007-34 I.R.B. 388 (Aug. 20, 2007), that are due to be performed on or after Sept. 3 and on or before Oct. 31.

This relief also includes the filing of Form 5500 series returns, in the manner described in section 8 of Rev. Proc. 2007-56. The relief described in section 17 of Rev. Proc. 2007-56, pertaining to like-kind exchanges of property, also applies to certain taxpayers who are not otherwise affected taxpayers and may include acts required to be performed before or after the period above.

The postponement of time to file and pay does not apply to information returns in the W-2, 1098, 1099 series, or to Forms 1042-S or 8027. Penalties for failure to timely file information returns can be waived under existing procedures for reasonable cause. Likewise, the postponement does not apply to employment and excise tax deposits. The IRS, however, will abate penalties for failure to make timely employment and excise tax deposits due on or after Sept. 3 and on or before Sept. 19 provided the taxpayer makes these deposits by Sept. 19.

Casualty Losses

Affected taxpayers in a federally declared disaster area have the option of claiming disaster-related casualty losses on their federal income tax return for either this year or last year. Claiming the loss on an original or amended return for last year will get the taxpayer an earlier refund, but waiting to claim the loss on this year’s return could result in a greater tax saving, depending on other income factors.

Individuals may deduct personal property losses that are not covered by insurance or other reimbursements. For details, see Form 4684 and its instructions.

Affected taxpayers claiming the disaster loss on last year’s return should put the Disaster Designation “Pennsylvania/Tropical Storm Lee” at the top of the form so that the IRS can expedite the processing of the refund.

Other Relief

The IRS will waive the usual fees and expedite requests for copies of previously filed tax returns for affected taxpayers. Taxpayers should put the assigned Disaster Designation in red ink at the top of Form 4506, Request for Copy of Tax Return, or Form 4506-T, Request for Transcript of Tax Return, as appropriate, and submit it to the IRS.

Affected taxpayers who are contacted by the IRS on a collection or examination matter should explain how the disaster impacts them so that the IRS can provide appropriate consideration to their case.

Taxpayers may download forms and publications from the official IRS website, irs.gov, or order them by calling 1-800-TAX-FORM (1-800-829-3676). The IRS toll-free number for general tax questions is 1-800-829-1040.

Related Information

Page Last Reviewed or Updated: 27-Sep-2013

The Irs Forms For 2011 Tax Year

Irs forms for 2011 tax year 8. Irs forms for 2011 tax year   Dividends and Other Distributions Table of Contents Reminder Introduction Useful Items - You may want to see: General InformationDividends not reported on Form 1099-DIV. Irs forms for 2011 tax year Reporting tax withheld. Irs forms for 2011 tax year Nominees. Irs forms for 2011 tax year Ordinary DividendsQualified Dividends Dividends Used to Buy More Stock Money Market Funds Capital Gain DistributionsBasis adjustment. Irs forms for 2011 tax year Nondividend DistributionsLiquidating Distributions Distributions of Stock and Stock Rights Other DistributionsInformation reporting requirement. Irs forms for 2011 tax year Alternative minimum tax treatment. Irs forms for 2011 tax year How To Report Dividend IncomeInvestment interest deducted. Irs forms for 2011 tax year Reminder Foreign-source income. Irs forms for 2011 tax year  If you are a U. Irs forms for 2011 tax year S. Irs forms for 2011 tax year citizen with dividend income from sources outside the United States (foreign-source income), you must report that income on your tax return unless it is exempt by U. Irs forms for 2011 tax year S. Irs forms for 2011 tax year law. Irs forms for 2011 tax year This is true whether you reside inside or outside the United States and whether or not you receive a Form 1099 from the foreign payer. Irs forms for 2011 tax year Introduction This chapter discusses the tax treatment of: Ordinary dividends, Capital gain distributions, Nondividend distributions, and Other distributions you may receive from a corporation or a mutual fund. Irs forms for 2011 tax year This chapter also explains how to report dividend income on your tax return. Irs forms for 2011 tax year Dividends are distributions of money, stock, or other property paid to you by a corporation or by a mutual fund. Irs forms for 2011 tax year You also may receive dividends through a partnership, an estate, a trust, or an association that is taxed as a corporation. Irs forms for 2011 tax year However, some amounts you receive that are called dividends are actually interest income. Irs forms for 2011 tax year (See Dividends that are actually interest under Taxable Interest in chapter 7. Irs forms for 2011 tax year ) Most distributions are paid in cash (or check). Irs forms for 2011 tax year However, distributions can consist of more stock, stock rights, other property, or services. Irs forms for 2011 tax year Useful Items - You may want to see: Publication 514 Foreign Tax Credit for Individuals 550 Investment Income and Expenses Form (and Instructions) Schedule B (Form 1040A or 1040) Interest and Ordinary Dividends General Information This section discusses general rules for dividend income. Irs forms for 2011 tax year Tax on unearned income of certain children. Irs forms for 2011 tax year   Part of a child's 2013 unearned income may be taxed at the parent's tax rate. Irs forms for 2011 tax year If it is, Form 8615, Tax for Certain Children Who Have Unearned Income, must be completed and attached to the child's tax return. Irs forms for 2011 tax year If not, Form 8615 is not required and the child's income is taxed at his or her own tax rate. Irs forms for 2011 tax year    Some parents can choose to include the child's interest and dividends on the parent's return if certain requirements are met. Irs forms for 2011 tax year Use Form 8814, Parents' Election To Report Child's Interest and Dividends, for this purpose. Irs forms for 2011 tax year   For more information about the tax on unearned income of children and the parents' election, see chapter 31. Irs forms for 2011 tax year Beneficiary of an estate or trust. Irs forms for 2011 tax year    Dividends and other distributions you receive as a beneficiary of an estate or trust are generally taxable income. Irs forms for 2011 tax year You should receive a Schedule K-1 (Form 1041), Beneficiary's Share of Income, Deductions, Credits, etc. Irs forms for 2011 tax year , from the fiduciary. Irs forms for 2011 tax year Your copy of Schedule K-1 (Form 1041) and its instructions will tell you where to report the income on your Form 1040. Irs forms for 2011 tax year Social security number (SSN) or individual taxpayer identification number (ITIN). Irs forms for 2011 tax year    You must give your SSN or ITIN to any person required by federal tax law to make a return, statement, or other document that relates to you. Irs forms for 2011 tax year This includes payers of dividends. Irs forms for 2011 tax year If you do not give your SSN or ITIN to the payer of dividends, you may have to pay a penalty. Irs forms for 2011 tax year For more information on SSNs and ITINs, see Social Security Number (SSN) in chapter 1. Irs forms for 2011 tax year Backup withholding. Irs forms for 2011 tax year   Your dividend income is generally not subject to regular withholding. Irs forms for 2011 tax year However, it may be subject to backup withholding to ensure that income tax is collected on the income. Irs forms for 2011 tax year Under backup withholding, the payer of dividends must withhold, as income tax, on the amount you are paid, applying the appropriate withholding rate. Irs forms for 2011 tax year   Backup withholding may also be required if the IRS has determined that you underreported your interest or dividend income. Irs forms for 2011 tax year For more information, see Backup Withholding in chapter 4. Irs forms for 2011 tax year Stock certificate in two or more names. Irs forms for 2011 tax year   If two or more persons hold stock as joint tenants, tenants by the entirety, or tenants in common, each person's share of any dividends from the stock is determined by local law. Irs forms for 2011 tax year Form 1099-DIV. Irs forms for 2011 tax year   Most corporations and mutual funds use Form 1099-DIV, Dividends and Distributions, to show you the distributions you received from them during the year. Irs forms for 2011 tax year Keep this form with your records. Irs forms for 2011 tax year You do not have to attach it to your tax return. Irs forms for 2011 tax year Dividends not reported on Form 1099-DIV. Irs forms for 2011 tax year   Even if you do not receive Form 1099-DIV, you must still report all your taxable dividend income. Irs forms for 2011 tax year For example, you may receive distributive shares of dividends from partnerships or S corporations. Irs forms for 2011 tax year These dividends are reported to you on Schedule K-1 (Form 1065), Partner's Share of Income, Deductions, Credits, etc. Irs forms for 2011 tax year , and Schedule K-1 (Form 1120S), Shareholder's Share of Income, Deductions, Credits, etc. Irs forms for 2011 tax year Reporting tax withheld. Irs forms for 2011 tax year   If tax is withheld from your dividend income, the payer must give you a Form 1099-DIV that indicates the amount withheld. Irs forms for 2011 tax year Nominees. Irs forms for 2011 tax year   If someone receives distributions as a nominee for you, that person should give you a Form 1099-DIV, which will show distributions received on your behalf. Irs forms for 2011 tax year Form 1099-MISC. Irs forms for 2011 tax year   Certain substitute payments in lieu of dividends or tax-exempt interest received by a broker on your behalf must be reported to you on Form 1099-MISC, Miscellaneous Income, or a similar statement. Irs forms for 2011 tax year See Reporting Substitute Payments under Short Sales in chapter 4 of Publication 550 for more information about reporting these payments. Irs forms for 2011 tax year Incorrect amount shown on a Form 1099. Irs forms for 2011 tax year   If you receive a Form 1099 that shows an incorrect amount (or other incorrect information), you should ask the issuer for a corrected form. Irs forms for 2011 tax year The new Form 1099 you receive will be marked “Corrected. Irs forms for 2011 tax year ” Dividends on stock sold. Irs forms for 2011 tax year   If stock is sold, exchanged, or otherwise disposed of after a dividend is declared but before it is paid, the owner of record (usually the payee shown on the dividend check) must include the dividend in income. Irs forms for 2011 tax year Dividends received in January. Irs forms for 2011 tax year   If a mutual fund (or other regulated investment company) or real estate investment trust (REIT) declares a dividend (including any exempt-interest dividend or capital gain distribution) in October, November, or December, payable to shareholders of record on a date in one of those months but actually pays the dividend during January of the next calendar year, you are considered to have received the dividend on December 31. Irs forms for 2011 tax year You report the dividend in the year it was declared. Irs forms for 2011 tax year Ordinary Dividends Ordinary (taxable) dividends are the most common type of distribution from a corporation or a mutual fund. Irs forms for 2011 tax year They are paid out of earnings and profits and are ordinary income to you. Irs forms for 2011 tax year This means they are not capital gains. Irs forms for 2011 tax year You can assume that any dividend you receive on common or preferred stock is an ordinary dividend unless the paying corporation or mutual fund tells you otherwise. Irs forms for 2011 tax year Ordinary dividends will be shown in box 1a of the Form 1099-DIV you receive. Irs forms for 2011 tax year Qualified Dividends Qualified dividends are the ordinary dividends subject to the same 0%, 15%, or 20% maximum tax rate that applies to net capital gain. Irs forms for 2011 tax year They should be shown in box 1b of the Form 1099-DIV you receive. Irs forms for 2011 tax year The maximum rate of tax on qualified dividends is: 0% on any amount that otherwise would be taxed at a 10% or 15% rate. Irs forms for 2011 tax year 15% on any amount that otherwise would be taxed at rates greater than 15% but less than 39. Irs forms for 2011 tax year 6%. Irs forms for 2011 tax year 20% on any amount that otherwise would be taxed at a 39. Irs forms for 2011 tax year 6% rate. Irs forms for 2011 tax year To qualify for the maximum rate, all of the following requirements must be met. Irs forms for 2011 tax year The dividends must have been paid by a U. Irs forms for 2011 tax year S. Irs forms for 2011 tax year corporation or a qualified foreign corporation. Irs forms for 2011 tax year (See Qualified foreign corporation , later. Irs forms for 2011 tax year ) The dividends are not of the type listed later under Dividends that are not qualified dividends . Irs forms for 2011 tax year You meet the holding period (discussed next). Irs forms for 2011 tax year Holding period. Irs forms for 2011 tax year   You must have held the stock for more than 60 days during the 121-day period that begins 60 days before the ex-dividend date. Irs forms for 2011 tax year The ex-dividend date is the first date following the declaration of a dividend on which the buyer of a stock is not entitled to receive the next dividend payment. Irs forms for 2011 tax year Instead, the seller will get the dividend. Irs forms for 2011 tax year   When counting the number of days you held the stock, include the day you disposed of the stock, but not the day you acquired it. Irs forms for 2011 tax year See the examples later. Irs forms for 2011 tax year Exception for preferred stock. Irs forms for 2011 tax year   In the case of preferred stock, you must have held the stock more than 90 days during the 181-day period that begins 90 days before the ex-dividend date if the dividends are due to periods totaling more than 366 days. Irs forms for 2011 tax year If the preferred dividends are due to periods totaling less than 367 days, the holding period in the previous paragraph applies. Irs forms for 2011 tax year Example 1. Irs forms for 2011 tax year You bought 5,000 shares of XYZ Corp. Irs forms for 2011 tax year common stock on July 9, 2013. Irs forms for 2011 tax year XYZ Corp. Irs forms for 2011 tax year paid a cash dividend of 10 cents per share. Irs forms for 2011 tax year The ex-dividend date was July 16, 2013. Irs forms for 2011 tax year Your Form 1099-DIV from XYZ Corp. Irs forms for 2011 tax year shows $500 in box 1a (ordinary dividends) and in box 1b (qualified dividends). Irs forms for 2011 tax year However, you sold the 5,000 shares on August 12, 2013. Irs forms for 2011 tax year You held your shares of XYZ Corp. Irs forms for 2011 tax year for only 34 days of the 121-day period (from July 10, 2013, through August 12, 2013). Irs forms for 2011 tax year The 121-day period began on May 17, 2013 (60 days before the ex-dividend date), and ended on September 14, 2013. Irs forms for 2011 tax year You have no qualified dividends from XYZ Corp. Irs forms for 2011 tax year because you held the XYZ stock for less than 61 days. Irs forms for 2011 tax year Example 2. Irs forms for 2011 tax year Assume the same facts as in Example 1 except that you bought the stock on July 15, 2013 (the day before the ex-dividend date), and you sold the stock on September 16, 2013. Irs forms for 2011 tax year You held the stock for 63 days (from July 16, 2013, through September 16, 2013). Irs forms for 2011 tax year The $500 of qualified dividends shown in box 1b of your Form 1099-DIV are all qualified dividends because you held the stock for 61 days of the 121-day period (from July 16, 2013, through September 14, 2013). Irs forms for 2011 tax year Example 3. Irs forms for 2011 tax year You bought 10,000 shares of ABC Mutual Fund common stock on July 9, 2013. Irs forms for 2011 tax year ABC Mutual Fund paid a cash dividend of 10 cents a share. Irs forms for 2011 tax year The ex-dividend date was July 16, 2013. Irs forms for 2011 tax year The ABC Mutual Fund advises you that the portion of the dividend eligible to be treated as qualified dividends equals 2 cents per share. Irs forms for 2011 tax year Your Form 1099-DIV from ABC Mutual Fund shows total ordinary dividends of $1,000 and qualified dividends of $200. Irs forms for 2011 tax year However, you sold the 10,000 shares on August 12, 2013. Irs forms for 2011 tax year You have no qualified dividends from ABC Mutual Fund because you held the ABC Mutual Fund stock for less than 61 days. Irs forms for 2011 tax year Holding period reduced where risk of loss is diminished. Irs forms for 2011 tax year   When determining whether you met the minimum holding period discussed earlier, you cannot count any day during which you meet any of the following conditions. Irs forms for 2011 tax year You had an option to sell, were under a contractual obligation to sell, or had made (and not closed) a short sale of substantially identical stock or securities. Irs forms for 2011 tax year You were grantor (writer) of an option to buy substantially identical stock or securities. Irs forms for 2011 tax year Your risk of loss is diminished by holding one or more other positions in substantially similar or related property. Irs forms for 2011 tax year   For information about how to apply condition (3), see Regulations section 1. Irs forms for 2011 tax year 246-5. Irs forms for 2011 tax year Qualified foreign corporation. Irs forms for 2011 tax year   A foreign corporation is a qualified foreign corporation if it meets any of the following conditions. Irs forms for 2011 tax year The corporation is incorporated in a U. Irs forms for 2011 tax year S. Irs forms for 2011 tax year possession. Irs forms for 2011 tax year The corporation is eligible for the benefits of a comprehensive income tax treaty with the United States that the Treasury Department determines is satisfactory for this purpose and that includes an exchange of information program. Irs forms for 2011 tax year For a list of those treaties, see Table 8-1. Irs forms for 2011 tax year The corporation does not meet (1) or (2) above, but the stock for which the dividend is paid is readily tradable on an established securities market in the United States. Irs forms for 2011 tax year See Readily tradable stock , later. Irs forms for 2011 tax year Exception. Irs forms for 2011 tax year   A corporation is not a qualified foreign corporation if it is a passive foreign investment company during its tax year in which the dividends are paid or during its previous tax year. Irs forms for 2011 tax year Readily tradable stock. Irs forms for 2011 tax year   Any stock (such as common, ordinary, or preferred) or an American depositary receipt in respect of that stock is considered to satisfy requirement (3) under Qualified foreign corporation , if it is listed on a national securities exchange that is registered under section 6 of the Securities Exchange Act of 1934 or on the Nasdaq Stock Market. Irs forms for 2011 tax year For a list of the exchanges that meet these requirements, see www. Irs forms for 2011 tax year sec. Irs forms for 2011 tax year gov/divisions/marketreg/mrexchanges. Irs forms for 2011 tax year shtml. Irs forms for 2011 tax year Dividends that are not qualified dividends. Irs forms for 2011 tax year   The following dividends are not qualified dividends. Irs forms for 2011 tax year They are not qualified dividends even if they are shown in box 1b of Form 1099-DIV. Irs forms for 2011 tax year Capital gain distributions. Irs forms for 2011 tax year Dividends paid on deposits with mutual savings banks, cooperative banks, credit unions, U. Irs forms for 2011 tax year S. Irs forms for 2011 tax year building and loan associations, U. Irs forms for 2011 tax year S. Irs forms for 2011 tax year savings and loan associations, federal savings and loan associations, and similar financial institutions. Irs forms for 2011 tax year (Report these amounts as interest income. Irs forms for 2011 tax year ) Dividends from a corporation that is a tax-exempt organization or farmer's cooperative during the corporation's tax year in which the dividends were paid or during the corporation's previous tax year. Irs forms for 2011 tax year Dividends paid by a corporation on employer securities held on the date of record by an employee stock ownership plan (ESOP) maintained by that corporation. Irs forms for 2011 tax year Dividends on any share of stock to the extent you are obligated (whether under a short sale or otherwise) to make related payments for positions in substantially similar or related property. Irs forms for 2011 tax year Payments in lieu of dividends, but only if you know or have reason to know the payments are not qualified dividends. Irs forms for 2011 tax year Payments shown in Form 1099-DIV, box 1b, from a foreign corporation to the extent you know or have reason to know the payments are not qualified dividends. Irs forms for 2011 tax year Table 8-1. Irs forms for 2011 tax year Income Tax Treaties Income tax treaties the United States has with the following countries satisfy requirement (2) under Qualified foreign corporation. Irs forms for 2011 tax year Australia Indonesia Romania Austria Ireland Russian Bangladesh Israel Federation Barbados Italy Slovak Belgium Jamaica Republic Bulgaria Japan Slovenia Canada Kazakhstan South Africa China Korea Spain Cyprus Latvia Sri Lanka Czech Lithuania Sweden Republic Luxembourg Switzerland Denmark Malta Thailand Egypt Mexico Trinidad and Estonia Morocco Tobago Finland Netherlands Tunisia France New Zealand Turkey Germany Norway Ukraine Greece Pakistan United Hungary Philippines Kingdom Iceland Poland Venezuela India Portugal     Dividends Used to Buy More Stock The corporation in which you own stock may have a dividend reinvestment plan. Irs forms for 2011 tax year This plan lets you choose to use your dividends to buy (through an agent) more shares of stock in the corporation instead of receiving the dividends in cash. Irs forms for 2011 tax year Most mutual funds also permit shareholders to automatically reinvest distributions in more shares in the fund, instead of receiving cash. Irs forms for 2011 tax year If you use your dividends to buy more stock at a price equal to its fair market value, you still must report the dividends as income. Irs forms for 2011 tax year If you are a member of a dividend reinvestment plan that lets you buy more stock at a price less than its fair market value, you must report as dividend income the fair market value of the additional stock on the dividend payment date. Irs forms for 2011 tax year You also must report as dividend income any service charge subtracted from your cash dividends before the dividends are used to buy the additional stock. Irs forms for 2011 tax year But you may be able to deduct the service charge. Irs forms for 2011 tax year See chapter 28 for more information about deducting expenses of producing income. Irs forms for 2011 tax year In some dividend reinvestment plans, you can invest more cash to buy shares of stock at a price less than fair market value. Irs forms for 2011 tax year If you choose to do this, you must report as dividend income the difference between the cash you invest and the fair market value of the stock you buy. Irs forms for 2011 tax year When figuring this amount, use the fair market value of the stock on the dividend payment date. Irs forms for 2011 tax year Money Market Funds Report amounts you receive from money market funds as dividend income. Irs forms for 2011 tax year Money market funds are a type of mutual fund and should not be confused with bank money market accounts that pay interest. Irs forms for 2011 tax year Capital Gain Distributions Capital gain distributions (also called capital gain dividends) are paid to you or credited to your account by mutual funds (or other regulated investment companies) and real estate investment trusts (REITs). Irs forms for 2011 tax year They will be shown in box 2a of the Form 1099-DIV you receive from the mutual fund or REIT. Irs forms for 2011 tax year Report capital gain distributions as long-term capital gains, regardless of how long you owned your shares in the mutual fund or REIT. Irs forms for 2011 tax year Undistributed capital gains of mutual funds and REITs. Irs forms for 2011 tax year    Some mutual funds and REITs keep their long-term capital gains and pay tax on them. Irs forms for 2011 tax year You must treat your share of these gains as distributions, even though you did not actually receive them. Irs forms for 2011 tax year However, they are not included on Form 1099-DIV. Irs forms for 2011 tax year Instead, they are reported to you in box 1a of Form 2439. Irs forms for 2011 tax year   Report undistributed capital gains (box 1a of Form 2439) as long-term capital gains on Schedule D (Form 1040), column (h), line 11. Irs forms for 2011 tax year   The tax paid on these gains by the mutual fund or REIT is shown in box 2 of Form 2439. Irs forms for 2011 tax year You take credit for this tax by including it on Form 1040, line 71, and checking box a on that line. Irs forms for 2011 tax year Attach Copy B of Form 2439 to your return, and keep Copy C for your records. Irs forms for 2011 tax year Basis adjustment. Irs forms for 2011 tax year   Increase your basis in your mutual fund, or your interest in a REIT, by the difference between the gain you report and the credit you claim for the tax paid. Irs forms for 2011 tax year Additional information. Irs forms for 2011 tax year   For more information on the treatment of distributions from mutual funds, see Publication 550. Irs forms for 2011 tax year Nondividend Distributions A nondividend distribution is a distribution that is not paid out of the earnings and profits of a corporation or a mutual fund. Irs forms for 2011 tax year You should receive a Form 1099-DIV or other statement showing the nondividend distribution. Irs forms for 2011 tax year On Form 1099-DIV, a nondividend distribution will be shown in box 3. Irs forms for 2011 tax year If you do not receive such a statement, you report the distribution as an ordinary dividend. Irs forms for 2011 tax year Basis adjustment. Irs forms for 2011 tax year   A nondividend distribution reduces the basis of your stock. Irs forms for 2011 tax year It is not taxed until your basis in the stock is fully recovered. Irs forms for 2011 tax year This nontaxable portion is also called a return of capital; it is a return of your investment in the stock of the company. Irs forms for 2011 tax year If you buy stock in a corporation in different lots at different times, and you cannot definitely identify the shares subject to the nondividend distribution, reduce the basis of your earliest purchases first. Irs forms for 2011 tax year   When the basis of your stock has been reduced to zero, report any additional nondividend distribution you receive as a capital gain. Irs forms for 2011 tax year Whether you report it as a long-term or short-term capital gain depends on how long you have held the stock. Irs forms for 2011 tax year See Holding Period in chapter 14. Irs forms for 2011 tax year Example. Irs forms for 2011 tax year You bought stock in 2000 for $100. Irs forms for 2011 tax year In 2003, you received a nondividend distribution of $80. Irs forms for 2011 tax year You did not include this amount in your income, but you reduced the basis of your stock to $20. Irs forms for 2011 tax year You received a nondividend distribution of $30 in 2013. Irs forms for 2011 tax year The first $20 of this amount reduced your basis to zero. Irs forms for 2011 tax year You report the other $10 as a long-term capital gain for 2013. Irs forms for 2011 tax year You must report as a long-term capital gain any nondividend distribution you receive on this stock in later years. Irs forms for 2011 tax year Liquidating Distributions Liquidating distributions, sometimes called liquidating dividends, are distributions you receive during a partial or complete liquidation of a corporation. Irs forms for 2011 tax year These distributions are, at least in part, one form of a return of capital. Irs forms for 2011 tax year They may be paid in one or more installments. Irs forms for 2011 tax year You will receive Form 1099-DIV from the corporation showing you the amount of the liquidating distribution in box 8 or 9. Irs forms for 2011 tax year For more information on liquidating distributions, see chapter 1 of Publication 550. Irs forms for 2011 tax year Distributions of Stock and Stock Rights Distributions by a corporation of its own stock are commonly known as stock dividends. Irs forms for 2011 tax year Stock rights (also known as “stock options”) are distributions by a corporation of rights to acquire the corporation's stock. Irs forms for 2011 tax year Generally, stock dividends and stock rights are not taxable to you, and you do not report them on your return. Irs forms for 2011 tax year Taxable stock dividends and stock rights. Irs forms for 2011 tax year   Distributions of stock dividends and stock rights are taxable to you if any of the following apply. Irs forms for 2011 tax year You or any other shareholder have the choice to receive cash or other property instead of stock or stock rights. Irs forms for 2011 tax year The distribution gives cash or other property to some shareholders and an increase in the percentage interest in the corporation's assets or earnings and profits to other shareholders. Irs forms for 2011 tax year The distribution is in convertible preferred stock and has the same result as in (2). Irs forms for 2011 tax year The distribution gives preferred stock to some common stock shareholders and common stock to other common stock shareholders. Irs forms for 2011 tax year The distribution is on preferred stock. Irs forms for 2011 tax year (The distribution, however, is not taxable if it is an increase in the conversion ratio of convertible preferred stock made solely to take into account a stock dividend, stock split, or similar event that would otherwise result in reducing the conversion right. Irs forms for 2011 tax year )   The term “stock” includes rights to acquire stock, and the term “shareholder” includes a holder of rights or of convertible securities. Irs forms for 2011 tax year If you receive taxable stock dividends or stock rights, include their fair market value at the time of distribution in your income. Irs forms for 2011 tax year Preferred stock redeemable at a premium. Irs forms for 2011 tax year   If you hold preferred stock having a redemption price higher than its issue price, the difference (the redemption premium) generally is taxable as a constructive distribution of additional stock on the preferred stock. Irs forms for 2011 tax year For more information, see chapter 1 of Publication 550. Irs forms for 2011 tax year Basis. Irs forms for 2011 tax year   Your basis in stock or stock rights received in a taxable distribution is their fair market value when distributed. Irs forms for 2011 tax year If you receive stock or stock rights that are not taxable to you, see Stocks and Bonds under Basis of Investment Property in chapter 4 of Publication 550 for information on how to figure their basis. Irs forms for 2011 tax year Fractional shares. Irs forms for 2011 tax year    You may not own enough stock in a corporation to receive a full share of stock if the corporation declares a stock dividend. Irs forms for 2011 tax year However, with the approval of the shareholders, the corporation may set up a plan in which fractional shares are not issued but instead are sold, and the cash proceeds are given to the shareholders. Irs forms for 2011 tax year Any cash you receive for fractional shares under such a plan is treated as an amount realized on the sale of the fractional shares. Irs forms for 2011 tax year Report this transaction on Form 8949, Sales and Other Dispositions of Capital Assets. Irs forms for 2011 tax year Enter your gain or loss, the difference between the cash you receive and the basis of the fractional shares sold, in column (h) of Schedule D (Form 1040) in Part I or Part II, whichever is appropriate. Irs forms for 2011 tax year    Report these transactions on Form 8949 with the correct box checked. Irs forms for 2011 tax year   For more information on Form 8949 and Schedule D (Form 1040), see chapter 4 of Publication 550. Irs forms for 2011 tax year Also see the Instructions for Form 8949 and the Instructions for Schedule D (Form 1040). Irs forms for 2011 tax year Example. Irs forms for 2011 tax year You own one share of common stock that you bought on January 3, 2004, for $100. Irs forms for 2011 tax year The corporation declared a common stock dividend of 5% on June 29, 2013. Irs forms for 2011 tax year The fair market value of the stock at the time the stock dividend was declared was $200. Irs forms for 2011 tax year You were paid $10 for the fractional-share stock dividend under a plan described in the discussion above. Irs forms for 2011 tax year You figure your gain or loss as follows: Fair market value of old stock $200. Irs forms for 2011 tax year 00 Fair market value of stock dividend (cash received) +10. Irs forms for 2011 tax year 00 Fair market value of old stock and stock dividend $210. Irs forms for 2011 tax year 00 Basis (cost) of old stock after the stock dividend (($200 ÷ $210) × $100) $95. Irs forms for 2011 tax year 24 Basis (cost) of stock dividend (($10 ÷ $210) × $100) + 4. Irs forms for 2011 tax year 76 Total $100. Irs forms for 2011 tax year 00 Cash received $10. Irs forms for 2011 tax year 00 Basis (cost) of stock dividend − 4. Irs forms for 2011 tax year 76 Gain $5. Irs forms for 2011 tax year 24 Because you had held the share of stock for more than 1 year at the time the stock dividend was declared, your gain on the stock dividend is a long-term capital gain. Irs forms for 2011 tax year Scrip dividends. Irs forms for 2011 tax year   A corporation that declares a stock dividend may issue you a scrip certificate that entitles you to a fractional share. Irs forms for 2011 tax year The certificate is generally nontaxable when you receive it. Irs forms for 2011 tax year If you choose to have the corporation sell the certificate for you and give you the proceeds, your gain or loss is the difference between the proceeds and the portion of your basis in the corporation's stock allocated to the certificate. Irs forms for 2011 tax year   However, if you receive a scrip certificate that you can choose to redeem for cash instead of stock, the certificate is taxable when you receive it. Irs forms for 2011 tax year You must include its fair market value in income on the date you receive it. Irs forms for 2011 tax year Other Distributions You may receive any of the following distributions during the year. Irs forms for 2011 tax year Exempt-interest dividends. Irs forms for 2011 tax year   Exempt-interest dividends you receive from a mutual fund or other regulated investment company, including those received from a qualified fund of funds in any tax year beginning after December 22, 2010, are not included in your taxable income. Irs forms for 2011 tax year Exempt-interest dividends should be shown in box 10 of Form 1099-DIV. Irs forms for 2011 tax year Information reporting requirement. Irs forms for 2011 tax year   Although exempt-interest dividends are not taxable, you must show them on your tax return if you have to file a return. Irs forms for 2011 tax year This is an information reporting requirement and does not change the exempt-interest dividends to taxable income. Irs forms for 2011 tax year Alternative minimum tax treatment. Irs forms for 2011 tax year   Exempt-interest dividends paid from specified private activity bonds may be subject to the alternative minimum tax. Irs forms for 2011 tax year See Alternative Minimum Tax (AMT) in chapter 30 for more information. Irs forms for 2011 tax year Dividends on insurance policies. Irs forms for 2011 tax year    Insurance policy dividends the insurer keeps and uses to pay your premiums are not taxable. Irs forms for 2011 tax year However, you must report as taxable interest income the interest that is paid or credited on dividends left with the insurance company. Irs forms for 2011 tax year    If dividends on an insurance contract (other than a modified endowment contract) are distributed to you, they are a partial return of the premiums you paid. Irs forms for 2011 tax year Do not include them in your gross income until they are more than the total of all net premiums you paid for the contract. Irs forms for 2011 tax year Report any taxable distributions on insurance policies on Form 1040, line 21. Irs forms for 2011 tax year Dividends on veterans' insurance. Irs forms for 2011 tax year   Dividends you receive on veterans' insurance policies are not taxable. Irs forms for 2011 tax year In addition, interest on dividends left with the Department of Veterans Affairs is not taxable. Irs forms for 2011 tax year Patronage dividends. Irs forms for 2011 tax year   Generally, patronage dividends you receive in money from a cooperative organization are included in your income. Irs forms for 2011 tax year   Do not include in your income patronage dividends you receive on: Property bought for your personal use, or Capital assets or depreciable property bought for use in your business. Irs forms for 2011 tax year But you must reduce the basis (cost) of the items bought. Irs forms for 2011 tax year If the dividend is more than the adjusted basis of the assets, you must report the excess as income. Irs forms for 2011 tax year   These rules are the same whether the cooperative paying the dividend is a taxable or tax-exempt cooperative. Irs forms for 2011 tax year Alaska Permanent Fund dividends. Irs forms for 2011 tax year    Do not report these amounts as dividends. Irs forms for 2011 tax year Instead, report these amounts on Form 1040, line 21; Form 1040A, line 13; or Form 1040EZ, line 3. Irs forms for 2011 tax year How To Report Dividend Income Generally, you can use either Form 1040 or Form 1040A to report your dividend income. Irs forms for 2011 tax year Report the total of your ordinary dividends on line 9a of Form 1040 or Form 1040A. Irs forms for 2011 tax year Report qualified dividends on line 9b of Form 1040 or Form 1040A. Irs forms for 2011 tax year If you receive capital gain distributions, you may be able to use Form 1040A or you may have to use Form 1040. Irs forms for 2011 tax year See Exceptions to filing Form 8949 and Schedule D (Form 1040) in chapter 16. Irs forms for 2011 tax year If you receive nondividend distributions required to be reported as capital gains, you must use Form 1040. Irs forms for 2011 tax year You cannot use Form 1040EZ if you receive any dividend income. Irs forms for 2011 tax year Form 1099-DIV. Irs forms for 2011 tax year   If you owned stock on which you received $10 or more in dividends and other distributions, you should receive a Form 1099-DIV. Irs forms for 2011 tax year Even if you do not receive Form 1099-DIV, you must report all your dividend income. Irs forms for 2011 tax year   See Form 1099-DIV for more information on how to report dividend income. Irs forms for 2011 tax year Form 1040A or 1040. Irs forms for 2011 tax year    You must complete Schedule B (Form 1040A or 1040), Part II, and attach it to your Form 1040A or 1040, if: Your ordinary dividends (Form 1099-DIV, box 1a) are more than $1,500, or You received, as a nominee, dividends that actually belong to someone else. Irs forms for 2011 tax year If your ordinary dividends are more than $1,500, you must also complete Schedule B (Form 1040A or 1040), Part III. Irs forms for 2011 tax year   List on Schedule B (Form 1040A or 1040), Part II, line 5, each payer's name and the ordinary dividends you received. Irs forms for 2011 tax year If your securities are held by a brokerage firm (in “street name”), list the name of the brokerage firm shown on Form 1099-DIV as the payer. Irs forms for 2011 tax year If your stock is held by a nominee who is the owner of record, and the nominee credited or paid you dividends on the stock, show the name of the nominee and the dividends you received or for which you were credited. Irs forms for 2011 tax year   Enter on line 6 the total of the amounts listed on line 5. Irs forms for 2011 tax year Also enter this total on line 9a of Form 1040A or 1040. Irs forms for 2011 tax year Qualified dividends. Irs forms for 2011 tax year   Report qualified dividends (Form 1099-DIV, box 1b) on line 9b of Form 1040 or Form 1040A. Irs forms for 2011 tax year The amount in box 1b is already included in box 1a. Irs forms for 2011 tax year Do not add the amount in box 1b to, or substract it from, the amount in box 1a. Irs forms for 2011 tax year   Do not include any of the following on line 9b. Irs forms for 2011 tax year Qualified dividends you received as a nominee. Irs forms for 2011 tax year See Nominees under How to Report Dividend Income in chapter 1 of Publication 550. Irs forms for 2011 tax year Dividends on stock for which you did not meet the holding period. Irs forms for 2011 tax year See Holding period , earlier under Qualified Dividends. Irs forms for 2011 tax year Dividends on any share of stock to the extent you are obligated (whether under a short sale or otherwise) to make related payments for positions in substantially similar or related property. Irs forms for 2011 tax year Payments in lieu of dividends, but only if you know or have reason to know the payments are not qualified dividends. Irs forms for 2011 tax year Payments shown in Form 1099-DIV, box 1b, from a foreign corporation to the extent you know or have reason to know the payments are not qualified dividends. Irs forms for 2011 tax year   If you have qualified dividends, you must figure your tax by completing the Qualified Dividends and Capital Gain Tax Worksheet in the Form 1040 or 1040A instructions or the Schedule D Tax Worksheet in the Schedule D (Form 1040) instructions, whichever applies. Irs forms for 2011 tax year Enter qualified dividends on line 2 of the worksheet. Irs forms for 2011 tax year Investment interest deducted. Irs forms for 2011 tax year   If you claim a deduction for investment interest, you may have to reduce the amount of your qualified dividends that are eligible for the 0%, 15%, or 20% tax rate. Irs forms for 2011 tax year Reduce it by the qualified dividends you choose to include in investment income when figuring the limit on your investment interest deduction. Irs forms for 2011 tax year This is done on the Qualified Dividends and Capital Gain Tax Worksheet or the Schedule D Tax Worksheet. Irs forms for 2011 tax year For more information about the limit on investment interest, see Investment expenses in chapter 23. Irs forms for 2011 tax year Expenses related to dividend income. Irs forms for 2011 tax year   You may be able to deduct expenses related to dividend income if you itemize your deductions on Schedule A (Form 1040). Irs forms for 2011 tax year See chapter 28 for general information about deducting expenses of producing income. Irs forms for 2011 tax year More information. Irs forms for 2011 tax year    For more information about how to report dividend income, see chapter 1 of Publication 550 or the instructions for the form you must file. Irs forms for 2011 tax year Prev  Up  Next   Home   More Online Publications