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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.

I basically already did that. I confirmed all the numbers on the 1099, maybe I'm just a little OCD, but I want to make sure its right. Its all correct, sans these two things. I mean, I didn't go through every company I own and confirm that the dividends are qualified, but considering they're all US companies on US exchanges (other than that one), I'll just take their word for it.


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.

This brings up an interesting question. If either of the broker won't correct their 1099s, and I'm sure they're incorrect, what would happen if I filed with what I was sure was correct. I'm sure I'd get a letter, but could I just reply with my thoughts and may they accept them?

In this case, actually, there would be no additional tax due. The difference between qual div & LTCG dist is nothing (I would have a net LTCG even without this, so adding a little more indeed keeps the 15% rate). And in the case of the STCG being called a qual dividend, my report would actually lead to higher taxes than the 1099. So perhaps the IRS wouldn't even inquire?


I guess I'll do my 1099-B tonight, which is correct as far as I know (though missing a fractional share sale), which I'll just add - that's not worth fighting.

Any thoughts on what to do, if, hypothetically, the 1099s aren't corrected?
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