Solved: original and corrected 1099 forms
Sign Up

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Announcements
TurboTax has you covered during Covid. Get the latest second stimulus info here.
cancel
Showing results for 
Search instead for 
Did you mean: 
Level 2

original and corrected 1099 forms

I received "original" 2017 Consolidated 1099 forms from my investment company, dated 2/6/2018. It contains a 1099-DIV, Details of 1099-DIV, and 1099-B.  THEN, I received "corrected" 2017 Consolidated 1099 form(s) from the same investment company, dated 3/10/2018. It contains only 1099-DIV and Details of 1099-DIV with no 1099-B and no other information.

 

The "corrected" form states: Your account is receiving this amended tax form due to one of the following reasons: Reallocation of payments received within your portfolio, updated cost basis information, and/or other tax-related payments. We cannot provide tax advice. Questions concerning how the 1099 form may affect your individual tax return should be referred to a licensed tax professional.


Do I need to report anything from the "original" 2017 Consolidated 1099 forms? OR do I treat it as if it doesn’t exist and use only the "corrected" forms…meaning I essentially don’t have a 1099-B?

 

 

1 Best answer

Accepted Solutions
Level 2

original and corrected 1099 forms

I contacted the IRS. They said to report only what is on the “corrected” form.
Their phone number can be found here: https://www.irs.gov/help/telephone-assistance

View solution in original post

1 Reply
Level 2

original and corrected 1099 forms

I contacted the IRS. They said to report only what is on the “corrected” form.
Their phone number can be found here: https://www.irs.gov/help/telephone-assistance

View solution in original post

Dynamic Ads
v
Privacy Settings