I did not receive a 1099-DIV from E*Trade Morgan Stanley for 2024, because my dividend amount did not meet their minimum reporting amount of $10. I called E*Trade/Morgan Stanley customer service to get the FEIN, but customer service rep. would not provide one, since no 1099-DIV was generated because it did not meet the $10 reporting threshold. I asked if I could use the one from last year, but he would not confirm. Last year, 2023 is when E*Trade and Morgan Stanley merged. Would the same FEIN apply this year or would a new one have been created? I have read other posts that suggest I should report even if it is below the $10 threshold. Will I trigger an audit if I use either the wrong FEIN (or if I guessed correctly, won't find a match on payer's end)?
I started to report it as 'other income', but technically, this is a qualified Dividend. I have seen other threads on this topic (Interest related not Dividends), but did not find a concrete response to my specific questions / concerns... I tried and found no way to bypass the FEIN entry for "Dividends" without an error being flagged. I am using the downloaded version of TurboTax Premier running on my MAC computer.
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If there is no tax withholding, the missing EIN on a 1099-DIV should not prevent e-file. As long as you report the income, you should not have a problem. It may be the same EIN, or it may have changed. If you have other accounts there, you may have received other tax documents that may have the EIN on them??
Worst case scenario for using the wrong EIN would be a delay in processing, but that is highly unlikely for an amount under $10. You can ignore the Needs Review message and continue preparing your return. You will go through a Complete Check before you submit your return(s) for filing.
Just to confirm, there is no tax withholding and I do not have other accounts with this company, so there are no other documents that I can refer to for 2025. I will proceed with your suggestion of leaving the EIN field blank and just ignore the "Needs Review - We found something wrong with your info." message. I assumed that prompt would eventually get flagged as an error during the 'Smart Check' and would prevent an actual submission. Good to know that it will not have that effect. It will be a while before I am ready to run a smart check (I started with an import from last year) and ultimately submit as I have other entries that need to be addressed, and some of my tax documents have yet to be released (from other companies). Thank you for your quick response and guidance! Much appreciated! I am feeling more confident to proceed.
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