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TaxAct® currently supports the entry of 100 Forms 1099-DIV Dividends and Distributions.

If you own all the stocks that are issuing dividends in one brokerage account, you normally will receive just one Form 1099-DIV that will summarize all of the year's dividends. It will most likely list each payer, but you don't need to list each stock's dividend separately.

If you invest in Dividend Reinvestment Plans (DRIPs) and buy directly from the companies themselves, enter the data on one Form 1099-DIV in the program and put the totals from all in the respective boxes on that one Form 1099-DIV.

Likewise, if you receive more than 100 1099-DIVs, enter the data on one Form 1099-DIV in the program and put the totals from all in the respective boxes on that one Form 1099-DIV.

Note. Form 1099-DIV is not transmitted electronically with your return; only the amounts that transfer to Schedule B (Form 1040) Interest and Ordinary Dividends and Schedule D (Form 1040) Capital Gains and Losses get transmitted. Therefore, you still may e-file if you enter the sum of several Forms 1099-DIV on one form.

Note that any link in the information above is updated each year automatically and will take you to the most recent version of the document at the time it is accessed.


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