Which form is specifically used to report dividends on stock?

The form specifically used to report dividends on stock is the 1099-DIV. This form is issued by brokerage firms and financial institutions to taxpayers who have received dividends or capital gains distributions during the year. It provides essential information needed to accurately report these earnings on tax returns. Investors use this information to determine their taxable income from their investments in stocks.

In contrast, the other forms serve different purposes. The 1099-MISC is typically used for reporting various types of miscellaneous income, such as rents or payments to independent contractors. The W-2 form is issued by employers to report wages and taxes withheld for their employees. Lastly, the 1098 form is used to report mortgage interest payments made by a taxpayer, primarily for tax deductions on home loans. Each form plays a unique role, making the 1099-DIV the correct and specific choice for reporting dividends.