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jennnrawrrr
New Member

I have an acorn account at about $500. They list the 1099 won't be sent until March. I planned to file my taxes early Feb. Can I amend in March to add my 1099? A Penalty?

 
2 Replies
Opus 17
Level 15

I have an acorn account at about $500. They list the 1099 won't be sent until March. I planned to file my taxes early Feb. Can I amend in March to add my 1099? A Penalty?

Interesting.  Firstly, the deadline to send a 1099-INT to the taxpayer is January 31.  The fine for being late is $50 per form.  You may want to contact the IRS.

Second, if you know the amount of interest that you were paid in 2017, you can report that interest without having the 1099-INT.  Assuming you got the number close enough  (+/- $5) then you would not need to amend when you get the form.

*Answers are correct to the best of my ability at the time of posting but do not constitute legal or tax advice.*
kbenti13
New Member

I have an acorn account at about $500. They list the 1099 won't be sent until March. I planned to file my taxes early Feb. Can I amend in March to add my 1099? A Penalty?

The space for the question only allowed 170 characters.  The full info in:
I invest with Acorns, which contacted me and told me that my 1099-DIV will not come until March 15th.  (They received a waiver from the IRS) The rest of my taxes are complete, and I want to file as soon as possible, as I have been a part of Data Breaches from OPM (twice) Equifax,  Blue Cross, Yahoo, and a couple of others, and I don't want someone to file a fraudulent return, and get my money.  I earned less than $100 from Acorns and want to estimate the amount and file, but don't know what to put into TurboTax.  Specifically, there are four boxes "Received from" which would be Acorns, Box 1a Total Ordinary Dividends, Box 1b Qualified Dividends, and Box 2a Total Capital Gains Dist.  I think I put the estimated dividends in Box 1a, and leave the rest blank, but I am not sure.
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