Question

Robyn received a Form 1099-DIV with $400 in Box 1a. She also received a Form 1099-INT with $600 in Box 1 and $30 in Box 2. Where should these items be reported

Answer 1

Answer:

D) $400 on line 9a, $600 on line 8a, and $30 on line 30 of Form 1040

Explanation:

• Box 1a of Form 1099-DIV shows the amount of earned dividends, and dividends are reported on line 9a of Form 1040.
• Box 1 of Form 1099-DIV shows the amount of earned interest, and interests are reported on line 8a of Form 1040.
• Box 2 of Form 1099-DIV shows the amount of early withdrawal penalties, and they are reported on line 30 of Form 1040.