Anonymous
Not applicable

Investors & landlords

a composite 1099 has various sections (each broker may use their own terminology but the words interest dividends and proceeds are common:

dividends and distributions - report each  line as shown but you can skip any line that is 0

interest income - same instructions as for dividends and distributions

proceeds and broker transactions  - report as shown.  if the broker doesn't have the cost they will show nothing in that column. you'll have to report the cost based on your own records. if the cost basis is wrong, you enter the correct amount when TT asks.   

 if the cd redemption isn't shown don't add it. (income earned on it should have been included in the interest to dividends section - generally a cd will pay interest while money market funds pay dividends)