I will be investing some of my in the , like in solid companies with good earnings such as Coca Cola, Johnson and Johnson and others. Most will be in dividend paying , which I will reinvest them for more shares. The question is how can I file for dividend tax alone so that I can save some in not using an accountant?

 

  • Judy 5:03 pm on August 31, 2010

    You’ll get a 1099-DIV from each company in January for dividends you got the previous year. Add them up, and show them on the dividend line that’s up just below the interest line, by the wages line. There are two kind of dividends, called qualifying and non-qualifying, and the tax is calculated differently. If you use something like TurboTax, it’ll handle your dividendends

    The tax works the same whether you take the dividends as cash or reinvest them.

  • loulea 5:03 pm on August 31, 2010

    yes you can or if you are unsure why not try HR & Block or someone similar

  • Mamie 5:03 pm on August 31, 2010

    Buy Turbo Tax.

  • jlf 5:03 pm on August 31, 2010

    You will receive a Form 1099 from your brokerage at the end of the year with dividend earnings. You don’t need an accountant for that alone.