2958199
FYI - I searched and read all related posts on this topic, but never actually found an adequate answer.
I imported my 1099-DIV from my brokerage back in February. It populated all the forms correctly.
Now I have received a CORRECTED 1099-DIV, and want to update my return. I have NOT filed yet.
Various prior posts/replies indicated just manually updating, but I have a 30-page 1099-DIV, and it has quite a few corrections on it.
I reviewed all of the forms, and there are about half a dozen affected.
So, do you just import the CORRECTED 1099-DIV, or do you delete original, then import the corrected? Do you need to delete every form that has the original 1099 information in it?
Thank you
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Since you have not yet filed, as long as your brokerage firm updated your online information too, you would be able to delete everything then import the new information.
You would need to delete every form that has the original information, however, if you start by deleting the 1099-DIV, it should remove the rest of the forms. You would need to look for your Schedule D to see if your schedule D is also deleted. If it is not, then you would need to delete the worksheets.
Sometimes deleting can be tricky, and forms seem to pop back up because something is feeding it. So, double check to be sure everything is gone prior to importing the corrected numbers.
If you are using TurboTax Online, you can view your form by selecting Tax Tools>.Tools>> View Tax Summary>>Preview My 1040. From there, you can look to see if the income is gone from your return on line 3 of your 1040.
If you are using the desktop version, just click on Forms mode and look at line 3 to be sure it is gone. You would also delete the forms in forms mode.
Hi Vanessa,
Thank you for the prompt reply. Much faster than I imagined it would be.
In my impatience, prior to your reply, I just went ahead and imported the Corrected 1099-DIV. I did not delete the prior one, nor did I delete any forms.
Turbotax successfully imported the Corrected 1099-DIV, updated all the forms, and deleted the original one all on its own.
I spent several minutes trying to confirm it did everything correctly, and it appears that it did. I'll look it over again a few more times in detail.
This suggests that the program has functionality that isn't being well advertised.
Thanks for your help.
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