1099-DIV form having multiple funds

Forum|Forum|4 years ago
March 9, 2022
1 reply
4 views

My 1099-DIV form has 2 funds listed with different payer ID. Should I enter them as 2 different entries in TurboxTax? Also, do I use the fund name? There’s no payor ID entry and I wonder how IRS would reconcile my input with a single 1040-DIV form filed.

JohnB5677

Level 15

I do recommend posting the two 1099-DIVs separately. This gives you a better audit trail.

You should post the name as it appears on the form. It is usually the broker's name.

The IRS does a computer check on totals initially. If the totals are correct they will not be flagged. If they are incorrect, you will be getting a tax notice requesting additional details. That is why I suggest posting them individually.

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