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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!
‎February 14, 2021
7:56 PM