Are re-invested stock dividends tax-exempt?
I own about three shares of Wal-Mart stock ($5 of each paycheck goes towards purchasing more, so exact numbers are difficult). Each stock pays dividends, which are automatically re-invested.
So I sit here filling out my 1099, and I’m wondering: do I declare the dividends? Or are they not part of the equation, since I’ve ploughed them right back in?
This question is in the General Section. Responses must be helpful and on-topic.