Bank Dividends QB Self Employed

Good to see you here, Teia_M.

You can categorize it as Income. Although, I'd still recommend checking with your accountant for further advice to make sure that you're using the right category for this type of transaction.

Processing of 1099-INT is not offered in QuickBooks. You'll want to use TurboTax or a different app to help you file the form. Here's a link that will route you to TurboTax: https://turbotax.intuit.com/.

You can also check out these articles for additional reference when filing the form:

• About Form 1099-INT, Interest Income
• Filing Tax Form 1099-INT

The Community is always here if you need anything else. 

Hi Teia_M,

Hope you’re doing great. I wanted to see how everything is going about adding bank dividends in QuickBooks. Was it resolved? Do you need any additional help or clarification? If you do, just let me know. I’d be happy to help you at anytime.

Looking forward to your reply. Have a pleasant day ahead!

Thanks for getting this thread going. Would bank dividends be filed as personal income or business income?

I also appreciate you joining the thread and sharing your concern, @ign3ousr0ck. I'll chime in on this thread and share some insights about your query.

In QuickBooks Self-Employed, positive transactions on the Transactions menu are income. Thus, we can mark those as Business income. Otherwise, we can tag it as Personal income when it’s not part of your QBSE business.

As provided by my peer above, it would be best to ask for professional advice from your accountant on what category those bank dividends can be filed in. This way, we can ensure that your book is accurate.

To learn more about the difference between personal and business income, please see this article: Categorize transactions in QuickBooks Self-Employed.

Furthermore, I’ve got this resource here that may come in handy in the future when handling your schedule C transactions: Expense and Schedule C categories.

If you have any other questions about modifying your bank dividends in QBSE, please feel free to leave a comment below. I'll get back here as soon as I can to help you again. Thanks for dropping by, wishing you a good one!