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

Non-dividend distributions is considered to be a return of capital and thus is NOT taxable.

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Originally Posted by AtlantaTaxExpert

Non-dividend distributions is considered to be a return of capital and thus is NOT taxable.

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Thank you

Glad to help!

Quote:

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Originally Posted by AtlantaTaxExpert

Non-dividend distributions is considered to be a return of capital and thus is NOT taxable.

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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.

What IntlTax says is true; I should have included that provision.