Must ordinary dividends be filed on 1040 if I never received any $ from the funds, but they were rolled over?

Answer 1

What kind of fund are we talking about? And what do you mean by "rolled over?"

If you have a mutual fund and there were taxable distributions that were re-invested in the fund then yes, you have to claim those and pay any tax due. How those will be handled will depend upon a number of things. If they're long-term capital gains, they're treated as such. Ditto if they're short-term capital gains though the tax rate on short-term gains may be higher as they're taxed at your marginal tax rate not the 15% long-term rate. Reinvested dividends are also subject to tax in the year that they were paid on your behalf and reinvested in the fund; they are taxed at your marginal rate.

If we're talking about a qualified retirement plan, any dividends or capital gains that were reinvested accumulate tax-free until you actually withdraw them. If you rolled over funds from one qualified retirement plan to another qualified retirement plan without touching the funds yourself (direct transfer between funds) then there are normally no tax consequences due to the rollover.

You should receive a statement from the fund manager that outlines all transactions. It will list any deposits, withdrawls, purchases and sales as well as dividends and any capital gains that were either reinvested or paid to you. Capital gains will be listed as either long-term or short-term as appropriate. You'll need all of this information to prepare your tax return.

Some mutual funds generate a high churn rate that can have adverse tax consequences to the investors without generating any investor gain or benefit. If you're stuck with one of those it's probably worth looking into a better managed and more stable fund.

Answer 2

Yesterday my son was ill. We rented a documentary called "Paper Clips." It's about some very ordinary people in Tennessee who responded to the "closed files" of the Holocaust. Like Gene and the poster who followed him, I think the results were pretty clear. The human spirit can reach back to those who are gone, and forward to those who are not born yet. It may be a trick of the "data processing device," or brain, but the effect is just as real as if the love had physical substance. Love between ordinary humans is the stuff of creativity, kindness, and heroism. That's the stuff of history, and the stuff of the future. While I believe that humans are basically good, I also think hatred has the capacity to live beyond its human host. The stuff of cowardice, cruelty, and destruction are also the stuff of history, and can be the stuff of the future. It is that human organic file that decides which.

Answer 3

Yes, reinvested dividends still must be reported on your tax return. But keep careful track of the amounts, since that can be added to your basis when you eventually sell the stock.

Answer 4

Yes, reinvested dividends must be reported on the return.

Answer 5

If you did not receive anything, you don't have to file.

Answer 6

YES