Log in

View Full Version : Nondividend distributions


tableclocks
Mar 17, 2015, 06:43 PM
I have 1,800.00 in nondividend distributions, box 3 of my 1099 div, I am not sure what to do with them, I think read some where they don't get reported at all, any help please, thanks

AtlantaTaxExpert
Mar 17, 2015, 07:18 PM
Non-dividend distributions is considered to be a return of capital and thus is NOT taxable.

tableclocks
Mar 17, 2015, 09:43 PM
Non-dividend distributions is considered to be a return of capital and thus is NOT taxable.

Thank you

AtlantaTaxExpert
Mar 18, 2015, 01:45 PM
Glad to help!

IntlTax
Mar 19, 2015, 09:51 AM
Non-dividend distributions is considered to be a return of capital and thus is NOT taxable.

Of course, it is non-taxable only to the extent of the basis in the shares. Therefore, one would need to know the basis in the shares to determine if it is all non-taxable.

AtlantaTaxExpert
Mar 19, 2015, 11:54 AM
What IntlTax says is true; I should have included that provision.