Why Did I Receive Form 1099 Div Instead Of Form 1099 Int This Year?

If you are planning to sell your stocks and bonds for a capital gain this year, you might be wondering why you received a Form 1099-DIV instead of the Form 1099-INT form you received the previous year. Form 1099-DIV is the form you receive if you received dividends in your bank account and not interest income. You should receive Form 1099-DIV if you had $10 or more of taxable dividends in your account at any point during the year.

While most taxpayers will be receiving a Form 1099-INT this tax season, some taxpayers may receive a Form 1099-DIV instead. Here are some of the major differences between the two types of Form 1099 and why you may have received a Form 1099-DIV.

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What is Form 1099-DIV?

U.S. tax laws require that companies who receive dividends from stocks or mutual funds must report those payments to the IRS. They do this by issuing Form 1099 DIV. Form 1099-DIV is a tax form that reports dividend payments and other investment-related income during the previous tax year. In most cases, a single Form 1099-DIV is issued to an individual investor reporting multiple dividend payments.

Why Did I Receive Form 1099 DIV Instead Of Form 1099 INT

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What is the 1099 INT Tax Form?

A 1099-INT form is a tax form for interest income. It is also called an interest income form. 1099 INT is a form issued by banks to their interest-paying account holders. It is a tax form and is issued by a financial institution to its account holders who have interest income. The interest income can be interest from bonds, CDs, checking accounts, savings accounts, and other accounts.

How does Form 1099-DIV differ from Form 1099-INT?

If you own stocks or bonds, you may have received Form 1099-DIV this tax season. Form 1099-DIV is a report of dividends and capital gains distributions you have received from investment companies. It’s important to note that this form is for investments, not for any interest that you have earned from savings.

Form 1099-INT serves as a record of interest you have earned from your bank accounts, checking or savings accounts, and other lending services. If you are expecting to receive Form 1099-INT and you have received Form 1099-DIV, rest assured, that you have not been scammed. You may have simply asked your bank or investment company for information about your account and they have sent you the form. Or, you may have changed accounts without updating your mailing address. This can cause a delay in the delivery of your form. You should receive Form 1099-INT within 30 days of the mailing date.

Is there a way to avoid receiving incorrect 1099 tax forms?

The best way to avoid this problem is to contact the company that sent you the incorrect form. Just call or email customer service and let them know the error. They will likely be able to fix it with a simple phone call and send you the right form. From there, you can submit the corrected form with your tax return.

Final Verdict on Why Did I Receive Form 1099-DIV Instead Of Form 1099-INT This Year: These days, it’s common to receive a 1099 form. So, when you see a 1099 form in your mailbox, it can be a little confusing. For those of you who are wondering why you received a 1099-DIV instead of a 1099-INT, read on the above short explanation. For some reason, you may have received a 1099-DIV form instead of a 1099-INT form.  There are a few reasons why this may have happened. For more information visit Form1099Online.com.

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