portia933
New Member

USAA issued a 1099 Reporting Statement that includes 1099-Div and 1099 Misc and 1099 B all on the same account. Are taxes due 3 ways on the same $15000 investment?

 
DDollar
Expert Alumni

Get your taxes done using TurboTax

That depends.  If you invested in stock or mutual funds that pay dividends, you will have taxable dividends.  If your invested in a CD or bond, you may have taxable interest.  If you bought and sold stocks, bonds, or mutual funds you might have taxable capital gains.  If all three 1099s relate to the same $15,000 investment, chances are that one or more of the 1099s has nothing to report, or very small amounts.

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