1099 Forms Guide to IRS Form 1099-DIV for 2024

Image of Form 1099-DIV 2023

Detailed Step-by-Step Guide to Filling out the 1099-DIV Form for the 2023 Tax Season

The 1099-DIV Form is a reporting mechanism for dividends and other distributions from stocks or mutual funds. Continue reading for a comprehensive guide on how to complete the 1099-DIV form, line by line.

Introduction to the 1099-DIV Form

The purpose of the 1099-DIV Form is to report dividends paid over the tax year by a domestic or qualifying foreign corporation. It is obligatory to file a 1099-DIV form if capital gain dividends, exempt-interest dividends, or other distributions surpassing $10 have been paid out to a recipient. The 1099-DIV form is also needed when there have been federal income tax withholdings due to backup withholding or foreign tax on dividends. Additionally, if $600 or more has been paid out in liquidations, filing a 1099-DIV form becomes mandatory.

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How to Fill out Form 1099-DIV Box-by-Box

Sections For Entering Payer Information

Image of Form 1099 Payer Boxes 2023

Complete the Payer Details section. This includes:

  • Name
  • Address
  • Contact phone number
  • Tax Identification Number (TIN)

Sections For Entering Recipient Information

Image of Form 1099 Recipient Boxes 2023

Complete the Recipient Details section. This includes:

  • TIN
  • Name
  • Street Address
  • City, State, Zip

There are 22 amounts boxes to be filled out on the 1099-DIV form. Here's a rundown of the information needed for each.

Amount boxes for Form 1099-DIV

Image of Form 1099-MISC Boxes 2023

Box 1a Total ordinary dividends

Enter dividends, including dividends from money market funds, net short-term capital gains from mutual funds, and other distributions on stock.

Box 1b Qualified dividends

Enter the portion of the dividends in box 1a that qualifies for the reduced capital gains rates.

Box 2a Total capital gain distr.

Enter total capital gain distributions (long-term). Include all amounts shown in boxes 2b, 2c, 2d, and 2f.

Box 2b Unrecap. Sec. 1250 gain

Enter any amount included in box 2a that is an unrecaptured section 1250 gain from certain depreciable real property.

Box 2c Section 1202 gain

Enter any amount included in box 2a that is a section 1202 gain from certain qualified small business stock.

Box 2d Collectibles (28%) gain

Enter any amount included in box 2a that is a 28% rate gain from sales or exchanges of collectibles.

Box 2e Section 897 ordinary dividends

Enter any amount included in box 1a that is section 897 gain from dispositions of USRPI.

Box 2f Section 897 capital gain

Enter any amount included in box 2a that is section 897 gained from dispositions of USRPI.

Box 3 Nondividend distributions

Enter non-dividend distributions.

Box 4 Federal income tax withheld

Enter backup withholding. Recipients who have yet to furnish their TINs to you in the manner required are subject to backup withholding.

Box 5 Section 199A dividends

Enter the qualified REIT dividends paid by a REIT or section 199A dividends paid by a RIC to the recipient. This amount is included in the amount reported in box 1a.

Box 6 Investment expenses

Enter the recipient's pro rata share of certain amounts deductible by a non-publicly offered RIC in computing its taxable income.

Box 7 Foreign tax paid

Enter foreign tax paid on dividends and other distributions on stock.

Box 8 Foreign country or U.S. possession

Enter the name of the foreign country or U.S. possession for which the foreign tax was paid and reported in box 7.

Box 9 Cash liquidation distributions

Enter cash distributed as part of a liquidation.

Box 10 Noncash liquidation distributions

Enter noncash distributions made as part of a liquidation. Show the fair market value as of the date of distribution.

Box 11 FATCA filing requirement

Check the box if you are a U.S. payer reporting on Form(s) 1099 (including reporting distributions in boxes 1 through 3 and 9, 10, 12, and 13 on this Form 1099-DIV.

Box 12 Exempt-interest dividends

Enter exempt-interest dividends from a mutual fund or other RIC. Include specified private activity bond interest dividends in box 13 and the total for box 12.

Box 13 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.

Box 14 - 16 State or Local Income Tax Withheld

Image of Form 1099-DIV State Boxes 2023

Report any state or local income tax withheld from the payments made to the recipient.

To learn more about Form 1099-Div Instructions, Click here.

What are the 1099 Deadlines for 2024?

  • January 31st, 2024
    Recipient Copies

    Form 1099s must be distributed to the recipient on or before January 31st

  • February 28th, 2024
    Paper Filing

    Paper filing must be filed with the IRS on or before February 28th

  • April 1st, 2024

    Form 1099s must be e-filed directly to the IRS on or before April 1st

Visit our deadlines article to learn more about Form 1099 due dates.

Note: If the filing deadline lands on a Saturday, Sunday, or legal holiday, the due date will automatically be extended to the following business day.

The exception to these deadlines above is for filing Form 1099-NEC. Depending on the filing method, there is a month's advancement on the recipient and IRS copies being January 31st. Get started with BoomTax and file your 1099 with the IRS, state, and mail recipient copies on time.

If you find errors after filing your 1099 return with the IRS, promptly correct the information and submit the corrected Form 1099 and Form 1096 to the IRS. Also, provide your recipient with an updated 1099 showing the updated details. If you need to correct any state or local tax department information, file the form with the appropriate agencies, not the IRS.

What are the different Form 1099 Copies?

Each Form 1099 has five different copies with their specific purpose:

Copy A

IRS copy for paper filing.

Copy 1

Filed with the State Tax Department.

Copy B

Recipient copy.

Copy 2

Recipient state copy used for state income tax reporting.

Copy C

Payer's copy for their records.

Get started with , and file your 1099 tax forms with federal/state and mail recipient copies from one place. BoomTax will never remove past years' filings, and you can continue to make corrections at any time, no matter the year. File my Now!

Where to mail the physical 1099 Form?

Location of the principal business, office, agency, or residence of an individual

Alabama Arizona Arkansas Delaware
Florida Georgia Kentucky Maine
Massachusetts Mississippi New Hampshire New Jersey
New Mexico New York North Carolina Ohio
Texas Vermont Virginia
Internal Revenue Service Austin Submission Processing Center
P.O. Box 149213
Austin, TX 73301
Alaska Colorado Hawaii Idaho Illinois Indiana
Iowa Kansas Michigan Minnesota Missouri Montana
Nebraska Nevada North Dakota Oklahoma Oregon South Carolina
South Dakota Tennessee Utah Washington Wisconsin Wyoming
Department of the Treasury, Internal Revenue Service Center
P.O. Box 219256
Kansas City, MO 64121-9256
California Connecticut District of Columbia Louisiana
Maryland Pennsylvania Rhode Island West Virginia
Department of the Treasury Internal Revenue Service Center
1973 North Rulon White Blvd.
Ogden, UT 84201

If your legal residence, principal place of business, or principal office or agency is outside the United States.

Internal Revenue Service Austin Submission Processing Center
P.O. Box 149213
Austin, TX 73301

Important Notes:

  • The IRS encourages filers to electronically file 1099 for prompt processing and immediate IRS confirmation.
  • If you file 1099 Forms on paper, they must be submitted with a summary Form 1096.
  • For filing year 2024 the IRS has reduced the e-file threshold limit to 10 forms

Utilizing an e-file provider allows you to effortlessly E-file 1099 Forms with the IRS and state agencies and distribute recipient copies via mail or secure online access. Affordable, competitive pricing is available without the hidden costs and inefficiency of paper filing. Check out the pricing options.