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Glossary Term: 1099 DIV

Definition(s) for 1099 DIV:


1. ) refers to a required statement from your broker or a company whose stock you own that summarizes your dividends. The main purpose of this form is to report the dividends you received, income tax withheld from dividends, and foreign taxes paid on dividends. Your broker may send a substitute statement that may also include amounts you earned from mutual funds, purchases of stock, sales of stock, purchases and sales of shares in mutual funds, and a summary of the investments you still own at the end of the year.



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