Message Font: Serif | Sans-Serif
No. of Recommendations: 0
I filed my 2004 return in early April. Yesterday, I received an 1099-OID showing interest (block 2) of $2,000. The broker reports this is an additional form rather than a revision to the package sent in March. The form from the broker was dated 4/13 and the envelope was postmarked 4/15.

I have never filed an amended return but I guess I will have to. Right? I filed electronically using TurboTax, so what is the procedure for the change. And will I have to pay a penalty?

Also, do I have a legitimate complaint about the broker's late notice? They tell me they got the info from FannieMae late. The 1099 is for one bond I have held for a couple years. I have forty bonds with this broker and it never ocurred to me that I needed to check that I had 1099's for each bond. What is reasonable?
Print the post  


In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.