how to file form 1099 div dividends and distributions
form 1099 div has three copies copy a in red is for informational purposes only and should not be printed there are two parts of copy b which can be downloaded and printed one is for the recipient while the other is attached to the tax return for the state tax department this section which is in black can be used to satisfy the requirements of the recipient taxpayers are required to file the information on each form 1099 div they receive on their annual tax form this can be done on a schedule b form or directly on form 1040 3 taxpayers who receive more than 1 500 in taxable interest and or ordinary dividends during the year are required to fill out schedule b which accompanies a 1040 form 7dividends are taxed at an investor s income tax rate with a few exceptions qualified dividends are the primary exception qualified dividends have met certain criteria that allow them to be taxed at a lower capital gains tax rate 8the tax rate on capital gains may also vary from the ordinary income tax rate short term capital gains are taxed at the ordinary income tax rate but taxes on long term capital gains are lower 9download form 1099 div dividends and distributionsform 1099 div is available on the irs website 3