Dividends and Distributions (Info Copy Only)

• Legal Form Number: 1099-DIV
• Issuer: Treasury Department
• Section: Treasury Department

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Instructions for Form

1099-DIV

(Rev. January 2024)

Dividends and Distributions

Department of the Treasury

Internal Revenue Service

Section references are to the Internal Revenue Code

unless otherwise noted.

Future Developments

For the latest information about developments related to

Form 1099-DIV and its instructions, such as legislation

enacted after they were published, go to IRS.gov/

Form1099DIV.

What’s New

E-filing returns. The Taxpayer First Act of 2019

authorized the Department of the Treasury and the IRS to

issue regulations that reduce the 250-return e-file

threshold. T.D. 9972, published February 23, 2023,

lowered the e-file threshold to 10 (calculated by

aggregating all information returns), effective for

information returns required to be filed on or after January

1, 2024. Go to IRS.gov/InfoReturn for e-file options.

Reminders

In addition to these specific instructions, you should also

use the current General Instructions for Certain

Information Returns. Those general instructions include

information about the following topics.

•Who must file.

•When and where to file.

•Electronic reporting.

•Corrected and void returns.

•Statements to recipients.

•Taxpayer identification numbers (TINs).

•Backup withholding.

•Penalties.

•The definitions of terms applicable for the purposes of

chapter 4 of the Internal Revenue Code that are

referenced in these instructions.

•Other general topics.

You can get the general instructions from General

Instructions for Certain Information Returns at IRS.gov/

1099GeneralInstructions or go to IRS.gov/Form1099DIV.

Continuous-use form and instructions. Form

1099-DIV and these instructions have been converted

from an annual revision to continuous use. Both the form

and instructions will be updated as needed. For the most

recent version, go to IRS.gov/Form1099DIV.

Section 897 gain. RICs and REITs should report any

section 897 gains on the sale of U.S. real property

interests (USRPI) in box 2e and box 2f. For further

information, see Section 897 gain, later.

Online fillable Copies 1, B, and 2. To ease statement

furnishing requirements, Copies 1, B, and 2 are fillable

online in a PDF format, available at IRS.gov/

Form1099DIV. You can complete these copies online for

furnishing statements to recipients and for retaining in

your own files.

Specific Instructions

File Form 1099-DIV for each person:

•To whom you have paid dividends (including capital

gain dividends and exempt-interest dividends) and other

distributions valued at $10 or more in money or other

property,

•For whom you have withheld and paid any foreign tax

on dividends and other distributions on stock,

•For whom you have withheld any federal income tax on

dividends under the backup withholding rules, or

•To whom you have paid $600 or more in money or other

property as part of a liquidation.

Dividends

If you make a payment that may be a dividend but you are

unable to determine whether any part of the payment is a

dividend by the time you must file Form 1099-DIV, the

entire payment must be reported as a dividend. See the

regulations under section 6042 for a definition of

dividends.

Exceptions

You are not required to report on Form 1099-DIV the

following.

1. Taxable dividend distributions from life insurance

contracts and employee stock ownership plans. These are

reported on Form 1099-R.

2. Substitute payments in lieu of dividends. For

payments received by a broker on behalf of a customer in

lieu of dividends as a result of a loan of a customer's

securities, see the instructions for box 8 under Specific

Instructions for Form 1099-MISC in the current

Instructions for Forms 1099-MISC and 1099-NEC.

Substitute payments in lieu of dividends may be

reported on a composite statement to the

recipient with Form 1099-DIV. See Pub. 1179.

3. Payments made to certain payees. These include a

corporation, tax-exempt organization, IRA, Archer MSA,

health savings account (HSA), U.S. agency, state, District

of Columbia, U.S. possession, or registered securities or

commodities dealer.

Certain distributions commonly referred to as

“dividends” are actually interest and are to be

reported on Form 1099-INT. These include

so-called dividends on deposit or on share accounts in

cooperative banks, credit unions, domestic building and

loan associations, domestic and federal savings and loan

associations, and mutual savings banks.

TIP

CAUTION

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Oct 24, 2023 Cat. No. 27978B