I own several mutual funds with one investment firm. Am I required to enter the 1099-DIV information individually for each fund, or can I enter consolidated totals for all the funds with that investment firm.
it depended on the investment firm. for example, Fidelity might issue a 1099 for each fund while a brokerage might issue 1 for all of them. just look at the detail that should be provided
if you get on for each enter each whereas if you get 1 for all just that one.
it depended on the investment firm. for example, Fidelity might issue a 1099 for each fund while a brokerage might issue 1 for all of them. just look at the detail that should be provided
if you get on for each enter each whereas if you get 1 for all just that one.
You might be referring to Vanguard. From their website:
Box 1a (Total ordinary dividends)
Box 1a shows total ordinary dividends, including short-term capital gains, by fund from your taxable Vanguard mutual fund holdings.
You must report ordinary dividends on line 3b of Form 1040. If the total of all ordinary dividends (Box 1a) received from all your taxable investments is more than $1,500, you must list each ordinary dividend income source on Schedule B of Form 1040.
I take that to mean that they should be entered individually which is what I do. I suspect the IRS would deal with the totals but entering them individually might be preferred.