Do I have to report Dividends?

[Lindsey23]

I have a Tradeking account and I get Dividends from the stocks that I hold. Once I get the dividends to withdraw. I send them to my Checking Account. Do I have to report this on my taxes?

I do get a 1099-B for selling the stock though but nothing for the dividends. Why is that?

[Slug]

Yes, you have to report dividend income.

[thomsoad]

I have a Tradeking account and I get Dividends from the stocks that I hold. Once I get the dividends to withdraw. I send them to my Checking Account. Do I have to report this on my taxes?

I do get a 1099-B for selling the stock though but nothing for the dividends. Why is that?

Not unless you want an IRS Audit

[DebbieL]

Yes, you have to report them (at least here in Canada you do). You should get a form for your dividend earnings (up here it is a T5).

[JessieHanz]

Of course you have to report it as it will be soon reflected into you banking statement of account.. Don't let yourself to be in trouble.

[Arash Kamangir]

not a tax expert, but

whatever company you're working with must issue you a 1099-DIV whether you're getting cash divs, or having them reinvested, if you're indeed getting dividends in a taxable account.. Just remember, they report it to the IRS under your soc sec number, and I believe unless it's under $10 (total of 1099DIV amount not $10 per stock per year) you most definitely have to report it. All of that said, I'm not a tax expert and would suggest you touching base with one to confirm what I said along with the specifics of your financial situation.

[jpg7n16]

Keep in mind that you have to claim the dividend income - even if you don't withdraw it to your bank account.

All dividends earned in a brokerage account are taxable.