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Author: billjam Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 124931  
Subject: Documentation Needed to Amend Return? Date: 3/22/2011 4:59 PM
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I received a corrected 1099 from Fidelity for 2010. One stock's (MCHP) dividend had been largely reclassified as a "non-dividend distribution". I contacted MCHP and their Investor Relations Manager replied that because they paid out more in 2010 in dividends than their taxable US earnings, their auditors had ruled 97.3% of the payout was actually a return of capital. Okay, I can amend my 2010 return and give the reason as a corrected 1099.

However, Investor Relations also told me they had reclassified 64.8% of the 2009 dividend as return of capital for the same reason. Fidelity has not issured a corrected 1099 for 2009. Is the email from the company sufficient documentation for an amended 2009 return?
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