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May 6, 2021
Question

My 1099 DIV has a Negetive number in Box 1a. The explanation in the document says its a "reverse prior year accrual". How should I report this in Turbo Tax?

  • May 6, 2021
  • 1 reply
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1 reply

May 6, 2021

it would seem there is something wrong.

 

some dividends paid in 2020 are taxable in 2019 and should have been included on the 2019 1099-DIV.

when you receive the dividend in 2020 the amount should be reversed resulting in zero on line 1a.

 

contact the issuer.  since 1a should not be negative.