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March 28, 2020
Question

Corrected 1099-DIV and 1099-INT

  • March 28, 2020
  • 1 reply
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I received a corrected 1099-DIV and 1099-INT after filing 2019 taxes which has already been processed.  In the end, total ordinary dividends went down by $7.03 and interest went up by the same amount. Total income stayed the same.  Seems like a wash to me and no need for an amendment.  Any thoughts on the matter? Thanks.

1 reply

Employee
March 28, 2020

This is just my opinion, but I think you are right - there should be no need for you to amend as long as the total tax you owe does not change. If the IRS disagrees you could always amend then, if they insist.