Solved: USAA issued a 1099 Reporting Statement that includes 1099-Div and 1099 Misc and 1099 B all on the same account. Are taxes due 3 ways on the same $15000 investment?
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portia933
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USAA issued a 1099 Reporting Statement that includes 1099-Div and 1099 Misc and 1099 B all on the same account. Are taxes due 3 ways on the same $15000 investment?

 
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DDollar
New Member

USAA issued a 1099 Reporting Statement that includes 1099-Div and 1099 Misc and 1099 B all on the same account. Are taxes due 3 ways on the same $15000 investment?

That depends.  If you invested in stock or mutual funds that pay dividends, you will have taxable dividends.  If your invested in a CD or bond, you may have taxable interest.  If you bought and sold stocks, bonds, or mutual funds you might have taxable capital gains.  If all three 1099s relate to the same $15,000 investment, chances are that one or more of the 1099s has nothing to report, or very small amounts.

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DDollar
New Member

USAA issued a 1099 Reporting Statement that includes 1099-Div and 1099 Misc and 1099 B all on the same account. Are taxes due 3 ways on the same $15000 investment?

That depends.  If you invested in stock or mutual funds that pay dividends, you will have taxable dividends.  If your invested in a CD or bond, you may have taxable interest.  If you bought and sold stocks, bonds, or mutual funds you might have taxable capital gains.  If all three 1099s relate to the same $15,000 investment, chances are that one or more of the 1099s has nothing to report, or very small amounts.

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