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    tableclocks's Avatar
    tableclocks Posts: 432, Reputation: 2
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    #1

    Mar 17, 2015, 06:43 PM
    Nondividend distributions
    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's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
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    #2

    Mar 17, 2015, 07:18 PM
    Non-dividend distributions is considered to be a return of capital and thus is NOT taxable.
    tableclocks's Avatar
    tableclocks Posts: 432, Reputation: 2
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    #3

    Mar 17, 2015, 09:43 PM
    Quote Originally Posted by AtlantaTaxExpert View Post
    Non-dividend distributions is considered to be a return of capital and thus is NOT taxable.
    Thank you
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    AtlantaTaxExpert Posts: 21,836, Reputation: 846
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    #4

    Mar 18, 2015, 01:45 PM
    Glad to help!
    IntlTax's Avatar
    IntlTax Posts: 831, Reputation: 23
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    #5

    Mar 19, 2015, 09:51 AM
    Quote Originally Posted by AtlantaTaxExpert View Post
    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's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
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    #6

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