Tax Facts

8634 / What are the reporting requirements for capital gains and losses?

New boxes have been added to Form 1099-DIV to allow for the reporting of qualified dividends (Box 1b) and post-May 5, 2003 capital gain distributions (Box 2b). Likewise, new boxes have also been added to Form 1099-B for reporting post-May 5, 2003 profits or losses from regulated futures or currency contracts. Payments made in lieu of dividends (“substitute payments”) are not eligible for the lower rates applicable to qualified dividends.
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