If you own stock in an corporation or mutual fund, you will most likely receive some dividends. This video describes the different types of dividends, how they're taxed, and where they are reported on the tax return. You'll also find out what types of other forms, schedules, or worksheets you'll need to complete when you receive dividends to assure you pay the minimum amount of tax on them.

To learn more about the Qualified Dividends and Capital Gains Worksheet, click here:    • How is Capital Gains Tax Calculated?  

To learn more about the Qualified Business Income Deduction, click here:    • Qualified Business Income Deduction (...  

Additional Information and Resources:

IRS Form 1099-DIV: "Dividends and Distributions": https://www.irs.gov/pub/irs-pdf/f1099...

Instructions for Form 1040 (this contains the Qualified Dividends and Capital Gains Worksheet): https://www.irs.gov/pub/irs-pdf/i1040...

IRS Schedule D: "Capital Gains and Losses": https://www.irs.gov/pub/irs-pdf/f1040...

IRS Form 8995: "Qualified Business Income Deduction": https://www.irs.gov/pub/irs-odf/f8995...

IRS Form 1116: "Foreign Tax Credit": https://www.irs.gov/pub/irs-pdf/f1116...

IRS Publication 550: "Investment Income and Expenses": https://www.irs.gov/pub/irs-pdf/p550.pdf

"2020-2021 Capital Gains Tax Rates--and How to Calculate your Bill" https://www.nerdwallet.com/article/ta...

Investopedia: "What is a Dividend?" https://www.investopedia.com/terms/d/...

The Tax Geek on Twitter: @taxgeekusa

The Tax Geek on Reddit: www.reddit.com/r/askataxgeek

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Intro Music: "Bluesy Vibes" - Doug Maxwell - YouTube Audio Library

Background and Outro Music: "A Walk in the Park" - Track Tribe via YouTube Audio Library

DISCLAIMER: This video is for educational and informational purposes only. It is not intended to render tax advice or investment advice for individual situations. If you have questions regarding your particular situation, please consult with a qualified tax or investment professional.

The information in this video is current as of date of publication, and is subject to changes enacted by Congress or the IRS.