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Level 1
posted Jan 24, 2023 7:19:59 AM

Would these values in my 1099 increase my tax?

My brokerage account is certainly at a loss for 2022. But I received my 1099-DIV from Vanguard and I have positive values in 1a, 1b, 5, and 7. Will these worsen my taxes? I thought I would get a tax relief from the capital losses, if anything? 

 

My 1099-MISC and -B have 0s all around. 

0 1 166
1 Replies
Level 15
Jan 24, 2023 8:19:30 AM

Amounts in boxes 5 and 7 will help you. The others represent income. Report in TurboTax to see the effect on your return.