Broker issued corrected form 1099, reducing dividend income by less than one dollar. That 2022 tax return had already been fully processed before the corrected 1099 was received. The change is in taxpayer's favor, but is so small as to be not worth the effort. Is an amended return nevertheless required?
No, you must make every effort to include all income in your tax return.
If this does not completely answer your question, please contact us again and provide some additional details.
No, for this small amount an amended return would not be required.
Same situation as original post but three corrections on 1099. Ordinary dividends +$8, Qualified dividends -$8, and Foreign Taxes paid +$8. Is it necessary to amend my return for such minor corrections.
No, you must make every effort to include all income in your tax return.
If this does not completely answer your question, please contact us again and provide some additional details.