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Do I have to include or remove my 1099 investment forms on my taxes even though they were not used on my taxes last year?

 
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6 Replies
LeticiaF1
Employee Tax Expert

Do I have to include or remove my 1099 investment forms on my taxes even though they were not used on my taxes last year?

If you received forms 1099 to report investment income, you should include them in your return.  If they were not reported last year, you will probably have to correct that return and include the income.  

 

Where do I enter or import a 1099-B?

Do I need to amend my return?

 

 

Do I have to include or remove my 1099 investment forms on my taxes even though they were not used on my taxes last year?

Yes, I reported them last year but when I went to report them this year it says that they were not used and asked if I wanted to keep or remove them 

Vanessa A
Employee Tax Expert

Do I have to include or remove my 1099 investment forms on my taxes even though they were not used on my taxes last year?

No.  If you are not using them on your taxes this year, you do not need to keep them.  You can select remove them.

When you say "I went to report them this year" do you mean you have  1099's from the same company?  If so, you can select yes to keep them just click edit and enter the numbers instead of the company info.  

You can also remove them.  Basically, it is just a way to save a few extra minutes when entering the forms.  As long as you do not duplicate the forms and you remove them if you entered them separately, it will all be the same in the end. 

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Do I have to include or remove my 1099 investment forms on my taxes even though they were not used on my taxes last year?

Yes, well so since my information and everything is the same as last years they mention that the forms didn’t get used last year and asked if I wanted to remove or keep them…so I could remove if I wanted? 

CatinaT1
Employee Tax Expert

Do I have to include or remove my 1099 investment forms on my taxes even though they were not used on my taxes last year?

Yes, that's fine.

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Do I have to include or remove my 1099 investment forms on my taxes even though they were not used on my taxes last year?

Thank you 

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