topic Re: Consolidated 1099 in Retirement tax questions

Consolidated 1099

kjnoble — Mon, 09 Mar 2026 07:02:30 GMT

My husband and I both received a Consolidated 1099 form from Edwards Jones. It includes 1099-INT and 1099-DIV for me and only 1099-DIV information for him. When I enter the amounts into Turbo Tax, why is this raising the amount of tax OWED when this is not money that has been distributed to us?

Re: Consolidated 1099

bosso3 — Sat, 26 Mar 2022 19:23:01 GMT

I suggest you contact Edward Jones for clarification regarding why this is taxable.

I suspect that the payments were made to your account, which apparently is not a tax-deferred account (Not an IRA or similar account). Payments to such accounts are taxable regardless of whether you removed the funds from that account (just like interest payments to a taxable bank savings account are taxable, regardless of what you do with the funds.)

Re: Consolidated 1099

JohnB5677 — Mon, 28 Mar 2022 13:04:55 GMT

You may not have received the funds in a brokerage account, but what was done with them. Were the dividends and interest used to purchase additional shares of stock? Was the money diverted to pay a loan or insurance fee? It may be that you have "constructively" received the money, but it was used directly to purchase or pay for something else.

Re: Consolidated 1099

kjnoble — Tue, 29 Mar 2022 21:42:07 GMT

Edwards Jones is checking to see if my forms are accurate.

Re: Consolidated 1099

kjnoble — Wed, 30 Mar 2022 22:14:18 GMT

You were correct. Thank you very much!!