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Level 2
April 12, 2021
Question

Partial Corrected 1099-DIV Received after eFiled completed

  • April 12, 2021
  • 1 reply
  • 4 views

Hello,

 

I received a corrected 1099-DIV today after completed the eFile last week with acceptance from IRS.

 

I see in the support letter they attached to the corrected form that the change is related to one ticker/stock only and supposed not to substitute the entire original 1099-DIV.

 

Is that crazy right ?

 

The change is from "qualified dividends"  100% to "return of capital" 100%.

 

How to enter into TurboTax Desktop the corrected 1099-DIV in this case ? since it is not a substitute...

 

Thanks.

    1 reply

    Level 15
    April 12, 2021

    You will need to amend your 2020 tax return.  For instructions on how to amend, see:  How do I amend my 2020 return?

     

    Once you have started the amended return: 

     

    • Type "Dividends" into the search window and hit enter
    • Click on "Jump to dividends"
    • Click "Edit" next to the 1099-DIV you need to edit
    • Make changes or additions to any boxes that changed on the corrected Form
    **Say "Thanks" by clicking the thumb icon in a post. **Mark the post that answers your question by clicking on "Mark as Best Answer"
    PetizmeAuthor
    Level 2
    April 12, 2021

    Thanks. I just realized that it is about 2019 and not about 2020. I will follow the steps here How to File an Amended Tax Return with the IRS - TurboTax Tax Tips & Videos (intuit.com)