1099, Non-Dividend Income

[SunTaxMan]

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

[JRS]

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.

[SunTaxMan]

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.