Income — Wages, Interest, etc. Workout

Dividends and Corporate Distributions

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Skills Warm Up: Dividend Distributions

Question 1 of 3

In addition to taxable distributions, Form 1099-DIV also shows nondividend distributions, such as the return of the taxpayer's cost or other basis in a stock or security. Do taxpayers need to keep the information with their tax records in order to calculate the adjusted basis of the stock when it is sold?

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Publication 4012, Schedule B – Tax-Exempt Interest
Publication 17, Dividends and Other Distributions
Publication 550, Investment Income and Expenses

Publication 4012, Schedule B – Tax-Exempt Interest

Publication 17, Dividends and Other Distributions

Publication 550, Investment Income and Expenses