smartnose
New Member

Inconsistency between 1099 Div and 1099 composite?

I received both 1099 composite and standalone 1099 div from Vanguard on a joint brokerage account of my wife and me.

 

1099 composite is reporting a much higher dividend income than the standalone.  What's even weirder is that the standalone 1099div seems to be missing a fund (Target Retirement 2055) altogether. 

Checking into the account history, 1099 composite numbers seem to be the right one. Should I just ignore the standalone 1099 div and go with the composite? 

I am not sure if this is a mistake on Vanguard side, or I am missing some tax rules here.