pk
Level 15
Level 15

Deductions & credits

@sweerkaul , assuming that your 1099-div is from a US financial/brokerage there usually will be no adjustments to basis.   Adjustment  to basis is  mostly used  for cases where  Tax Treaty  dictates  taxation rate of the  income.

If your investment ( producing  dividend and interest incomes) are  being controlled by you and not through a US brokerage, then I need to know the country where your investment is  to be able to investigate this further.  Also I am assuming that you are a US person  in 2020 ( i.e. US citizen/ Green Card / Resident for Tax Purposes).