I had owned shares of a company called TRxADE (ticker at the time: MEDS). In March of 2024, they issued a special dividend of $8 after the sale of some web-based market platform assets (Press Release: https://finance.yahoo.com/news/trxade-health-inc-announces-special-[removed].html.) This year, on my 1099 I found two problems. One was that the amount reported on 1099 was significantly more than what I was actually paid. Clearly a mistake, when I called the brokerage, even they were baffled. Secondly, this was a special dividend, after which the stock price dropped by the exact same amount as the dividend itself. Basically, a special dividend that was return of capital. But in the 1099, the dividend is reported as ordinary qualified dividend. I have been calling my brokerage (e*trade) pretty much everyday asking to correct the 1099 and they keep telling me that they are working on it, asking to call the next day. The company (TRxADE) since paying out this dividend, has merged with another one, changed its name and now trades by a different name. I think that change is not helping my scenario. My question is without the new 1099, what can I do to fix the issue. This has increased my tax liability significantly and tax deadline is in two days. Any guidance I can get will be greatly appreciated!
