turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Multiple 1099-INT/DIVs from same source

Have multiple accounts at Schwab under same SSN. Schwab issues a composite 1099 (includes INT, DIV, and 1099B) for each account. Not all accounts have a 1099B. Can you sum up the INTs and the DIVs and enter the sum of INTs and DIVs as a single INT and DIV for that source in Turbotax?

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
DianeW777
Employee Tax Expert

Multiple 1099-INT/DIVs from same source

Yes, you can add the totals and enter one 1099-INT and one 1099-DIV. Form entry is for the convenience of customers and not required by the IRS. The IRS already has all the copies. 

 

Be sure you add all the totals correctly, then make your entry.  Keep all the forms in your tax files in case you ever need them later.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question