Question

Select the correct answer from each drop-down menu.

Brian has started to invest in the stock market. What does he need to know about reporting dividend income on his tax return?

A taxpayer’s dividend income is reported on Form
. The taxpayer must enter this amount in the
section of a tax return. After all deductions have been subtracted, the amount of taxes due will be calculated based on the
.

Answer 1

Im not sure about the second one but the first one is 1099-DIV and the last one is taxable income. I can tell you the second one is NOT deductions haha

Answer 2

1099-DIV

Income

Taxable Income

Explanation:

Plato