DaveF1006
Expert Alumni

Investors & landlords

It depends. I am not sure why this is reported but I would ignore it as this Turbo Tax article states. As one of the users stated, this is informational to you because because the tax paid is a subtraction from your account balance.

 

Since there are no dividends reported on the 1099 DIV, then you would not report the 1099 DIV on your return.

 

Unfortunately , you would not be able to claim the fee and investment expenses on your return because investment expenses are no longer deductible because of 2018 Tax Cuts and Job Acts.

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