Should you report it, Yes, You should include all income received on your tax return annually. From a practical standpoint, this amount is not going to impact the amount of tax you pay and leaving it off of your tax return will not generate a notice or additional tax or penalties. But in the end, what you report on your tax return is up to you. If you wish to delete the form, after you have logged in and are in your return:
- Go to Search at the top of the screen.
- then enter Form 1099-DIV in the search box.
- You will see a Jump To function that will take you to the 1099-DIV input screens.
- There delete the 1099-DIV by clicking the trash can next to the form.
If you wish to include it, you would enter the $1.03 in box 1a and 1b with 2a blank. Click here for the E-Trade EIN.
