Anonymous
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Get your taxes done using TurboTax

I have a similar question.

 

Vanguard says that I have $0.08 for 2020 in my brokerage account but they did not send me a 1099-div.

 

i did not do any trading at all. I mistakenly put $500 into the brokerage account and then sent the same $500 back to my bank account.

 

it looks something like this:

3-18-20: $500 sweep in

3-25-20: $500 sweep out

3-25-20: withdrawal $500.08

3-25-20: dividend $0.08

 

Is this really a taxable event? Do i need to report it?

 

if so, what do i fill for the following boxes in the 1099-div?

 

Payers name

Federal Tax-id number

1a total ordinary dividends

1b qualified dividends

Section 199a dividends

Exempt interest dividend

etc

 

thanks for the help!