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New Member
posted Mar 11, 2021 8:04:11 PM

I have a consolidated 1099 statement, is this another type of 1099INT?

How do I know if I have to report my consolidated 1099 statement?

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2 Replies
Level 15
Mar 11, 2021 8:16:40 PM

If you have a consolidated 1099 statement. That will have sections for 1099-Int and 1099-Div and 1099B. You need to enter each section in the right place.  So read it carefully and look for headings.... 1099-INT for interest or 1099-DIV for Dividends or 1099B for sales.

 

If you have any 1099B for investment sales you will need to use the Online Premier version.

 

Expert Alumni
Mar 11, 2021 8:17:08 PM

A consolidate 1099 statement is something sent out by investment firms, and it usually includes Forms 1099-INT, Form 1099-DIV, and Form 1099-B.  It will also have supplemental information related to the information reported on those forms.  It is not unusual for someone to only have information for a Form 1099-INT, or Form 1099-DIV reported on their consolidated Form 1099.  If you have any amounts reported on any of the 1099 forms, you have to report it/them.