I purchased mutual funds in December 06 from T-Rowe Price and received 1099-DIV tax forms recently. I have small amounts of money reflected in the ordinary dividends and capital gain distributions boxes. Is it necessary to report these small amounts on my taxes? Thanks, John

John:

Yes, please report them. The IRS computer may kick out the return for review by a human auditor if these monies are not reported. Who knows what happens then?

Why risk it?

Thanks AtlantaTaxExpert

Glad to help!