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Business & farm
Yes, if the bank makes the correction and issues the Form 1099-DIV in your Social Security number instead of the EIN of the partnership, then the IRS will have the updated records as well.
If they won't make the correction, having the income reported on your tax return (even though it was issued in the incorrect EIN) will show that the income was reported and taxed accordingly. If you ever get any correspondence from the IRS, you will have your documentation showing it was reported and not just ignored.
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‎February 26, 2022
9:38 AM
1,617 Views