On Feb 26, 9:28*pm, Tiziano <nos...[at]example.com> wrote:

It's not reported. Their word of "dividend" doesn't refer to stock
owned. It's a return of some of your premiums. Now if the insurance
was reported on a Schedule C or F, you would have to reduce the cost
shown there.

--
<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >

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

--
<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >