SunTaxMan Posted March 27, 2008 Report Share Posted March 27, 2008 Fact 1 -- 1099-DIV from Morgan Stanley, Box 3, "Non-Dividend Income." $14.02. Fact 2 -- ATX is not carrying this $14.02 anywhere on the return. I think it should go on 1040, line 21, "Other Income" Confirmation or correction requested. Thanks Quote Link to comment Share on other sites More sharing options...
JRS Posted March 27, 2008 Report Share Posted March 27, 2008 Box 3 is a return of capital or cost notation. It is not reported anywhere. It is an adjustment to the basis of an equity in the MS account. Quote Link to comment Share on other sites More sharing options...
SunTaxMan Posted March 27, 2008 Author Report Share Posted March 27, 2008 JRS, Thanks. Your thought crossed my mind, especially as I read the "instructons" for the 1099-Misc, box 3. I like to consider all income taxable, unless, and until, I can rule it out of the "taxable" inclusion. Quote Link to comment Share on other sites More sharing options...
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