Instructions For Form 1099-Div - 2006
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26Instructions to Recipients
Account number. May show an account or other unique number the
Box 3. Shows the part of the distribution that is nontaxable because
payer assigned to distinguish your account.
it is a return of your cost (or other basis). You must reduce your cost
(or other basis) by this amount for figuring gain or loss when you sell
Box 1a. Shows total ordinary dividends that are taxable. Include this
your stock. But if you get back all your cost (or other basis), report
amount on line 9a of Form 1040 or 1040A. Also, report it on
future distributions as capital gains. See Pub. 550, Investment
Schedule B (Form 1040) or Schedule 1 (Form 1040A), if required.
Income and Expenses.
The amount shown may be a distribution from an employee stock
Box 4. Shows backup withholding. For example, a payer must
ownership plan (ESOP). Report it as a dividend on your Form
backup withhold on certain payments at a 28% rate if you did not
1040/1040A but treat it as a plan distribution, not as investment
give your taxpayer identification number to the payer. See Form W-9,
income, for any other purpose.
Request for Taxpayer Identification Number and Certification, for
Box 1b. Shows the portion of the amount in box 1a that may be
information on backup withholding. Include this amount on your
eligible for the 15% or 5% capital gains rates. See the Form
income tax return as tax withheld.
1040/1040A instructions for how to determine this amount. Report
Box 5. Shows your share of expenses of a nonpublicly offered
the eligible amount on line 9b, Form 1040 or 1040A.
regulated investment company, generally a nonpublicly offered
Box 2a. Shows total capital gain distributions (long-term) from a
mutual fund. If you file Form 1040, you may deduct these expenses
regulated investment company or real estate investment trust. Report
on the “Other expenses” line on Schedule A (Form 1040) subject to
the amounts shown in box 2a on Schedule D (Form 1040), line 13.
the 2% limit. This amount is included in box 1a.
But, if no amount is shown in boxes 2c–2d and your only capital
Box 6. Shows the foreign tax you may be able to claim as a
gains and losses are capital gain distributions, you may be able to
deduction or a credit on Form 1040. See the Form 1040 instructions.
report the amounts shown in box 2a on line 13 of Form 1040 (line 10
Boxes 8 and 9. Shows cash and noncash liquidation distributions.
of Form 1040A) rather than Schedule D. See the Form 1040/1040A
instructions.
Nominees. If this form includes amounts belonging to another
Box 2b. Shows the portion of the amount in box 2a that is
person, you are considered a nominee recipient. You must file Form
unrecaptured section 1250 gain from certain depreciable real
1099-DIV with the IRS for each of the other owners to show their
share of the income, and you must furnish a Form 1099-DIV to each.
property. Report this amount on the Unrecaptured Section 1250
A husband or wife is not required to file a nominee return to show
Gain Worksheet–Line 19 in the Schedule D instructions (Form 1040).
amounts owned by the other. See the 2006 General Instructions for
Box 2c. Shows the portion of the amount in box 2a that is section
Forms 1099, 1098, 5498, and W-2G.
1202 gain from certain small business stock that may be subject to
a 50% exclusion. See the Schedule D (Form 1040) instructions.
Box 2d. Shows 28% rate gain from sales or exchanges of
collectibles. If required, use this amount when completing the 28%
Rate Gain Worksheet–Line 18 in the instructions for Schedule D
(Form 1040).
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