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Know Dividend Rules By Ray De Crane
Taxable interest includes most forms of interest except exempt municipal bonds. Dividends offer a $100 exclusion for individuals and $200 for joint returns, with separate-names limits. For mutual funds, report gross distributions on Schedule B, subtract nontaxable and capital gain dividends, apply the exclusion, and handle capital gain dividends via Schedule D or as miscellaneous income if not using Schedule D.
MENTIONED IN THIS ARTICLE
Savings and Loan
Treasury
United States