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Corrected Form 1099 Received - How to Adjust my 1040?

In mid February, I received my broker's Composite 1099 which included Ordinary and Qualified Dividends.  I downloaded it into Turbo Tax successfully.  I recently received a CORRECTED Composite 1099 with revised Qualified Dividend numbers but the same Ordinary Dividend figure.  My question is how to best enter the corrected data - do I go into Turbo Tax forms and edit the "Ordinary Dividends" number myself in the "Qualified Dividends" field, or do I retain the original Ordinary Dividends number on the form and put the corrected figure in the "Adjusted Qualified Dividends" field I see in the TurboTax interview?

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1 Best answer

Accepted Solutions
CarissaM
Intuit Alumni

Corrected Form 1099 Received - How to Adjust my 1040?

Please follow the instructions here by @TomK on how to edit a form prior to filing. 

 

If you have any questions feel free to post here, or for immediate assistance please click here to give us a call. 

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

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4 Replies

Corrected Form 1099 Received - How to Adjust my 1040?

EDIT: Should read "my question is how to best enter the corrected data - do I go into TurboTax forms and edit the "Qualified Dividends" field using the corrected figure, or, do I retain the original Qualified Dividends number on the form and also add the corrected figure in the "Adjusted Qualified Dividends" field in TurboTax?  Thank you.

CarissaM
Intuit Alumni

Corrected Form 1099 Received - How to Adjust my 1040?

Have you already filed your original return?

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

Corrected Form 1099 Received - How to Adjust my 1040?

No I have not yet filed my return.  It is still in draft mode.  Thanks. 

CarissaM
Intuit Alumni

Corrected Form 1099 Received - How to Adjust my 1040?

Please follow the instructions here by @TomK on how to edit a form prior to filing. 

 

If you have any questions feel free to post here, or for immediate assistance please click here to give us a call. 

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

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