Tax Facts

7505 / How should a shareholder report ordinary dividends on stock held for the shareholder in street name by a broker?

A shareholder should report, without itemization, the total amount of dividends received on securities held in the broker’s name for the taxpayer (i.e., held in “street name”), as shown on each statement furnished by the broker on Schedule B of Form 1040.1





1.   Rev. Rul. 64-324, 1964-2 CB 463.

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