Multiple 1099-INT/DIVs from same source

[Basenji]

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?

[DianeW777 · Accepted solution]

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.