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RMDammon
New Member

Correcting a 1099-DIV

I issued a 1099-DIV to someone that was incorrect.  The correct amount for the 1099-DIV is zero, but the Intuit Quick Employer Forms does not allow me to correct the 1099-DIV with a zero dividend amount.  I tried to cancel the 1099-DIV, but am not sure whether this actually canceled the electronic submission to the IRS or not.  How can I correct the 1099-DIV and how can I check that the IRS received the correction?   Thanks for your help.

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1 Reply
MaryK4
Employee Tax Expert

Correcting a 1099-DIV

If the 1099-DIV was submitted to the IRS, you cannot just cancel the transmission.  Check the status of the submission- if it has transmitted or accepted it is too late and you must file the corrected form.  Try entering .01 and it will be rounded down to zero.  

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