Skip to main content
Message Font: Serif | Sans-Serif
 
No. of Recommendations: 0
I complain about this here every year. I have been finding errors on my 1099's almost every year for several years. While it is true that I sometimes invest in some funky companies, it is very frustrating. Ever since the rule allowing qualified dividends, I have seen problems, though some problems are not specifically related to that.

As I mentioned, I kept receiving amended 1099's from Ameritrade until March 22 last year. Not much hope of finishing my taxes early (and accurately) in that case. It is lucky that I waited until the last minute or I would have had to file an amended return.

If it isn't too much of a PITA, you might track down all of that info yourself -- figure out which companies paid you dividends, and contact them (or look at their web site) to figure out the tax treatment. Of course, there is a chance that it will be incorrectly reported on the 1099's, and never corrected, in which case you'll have to amend your returns anyway, because the IRS will want you to match the 1099's even if they're incorrect.

Randy
Print the post  

Announcements

Disclaimer:
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.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
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.