Corrected 1099-div after e-file/accepted 2021 return

Forum|Forum|4 years ago
March 21, 2022
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I have completed/e-filed my 2021 return and have since received a corrected 1099-div from an investment account. The correction amounts are pretty trivial - $0.02 moved from ordinary to qualified dividends, $0.42 additional non-dividend distributions and $0.70 additional 199A dividends.

Do I need to file an amended 2021 return? If so, when?

Best answer by JohnB5677

We all want our taxes to be as accurate as possible, but those changes would only make a difference of a penny or two. The IRS is not interested in this small amount, and I expect that they will totally ignore it.

In the worst case, they would send you a letter stating the discrepancy and a bill for a nominal amount. It wouldn't be worth the cost of a postage stamp.

I do not recommend that you file an amended return based on that adjustment.

JohnB5677Answer

Level 15

In the worst case, they would send you a letter stating the discrepancy and a bill for a nominal amount. It wouldn't be worth the cost of a postage stamp.

I do not recommend that you file an amended return based on that adjustment.

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