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Posted by Tiziano on February 26, 2008, 9:28 pm
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During 2007, my insurance company (State Farm) sent me a check for what
they call a "dividend". They explain that financial results were better
than expected and so the Board of Directors authorized a dividend check
representing a return of part of the premiums paid. No 1099-DIV was
ever sent to me and the check was for less than $25.00.
For my 2007 income tax return, should I list it under Part II, line 5,
of Schedule B, or should I list it on line 21 of my 1040? Or maybe I
should not list it at all?
Which one is more correct?
Thanks.
--
tb
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