1099-DIV form having multiple funds

[Rchtang]

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]

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.