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March 11, 2025
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Corrected 1044 can I just use as a credit for next years taxes

  • March 11, 2025
  • 1 reply
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I already filed my taxes but just received a corrected 1044. It’s in my favor. The total for non qualified dividends I paid in my taxes was about 17k, whereas the adjusted says I was only to pay about 10k. I don’t want to amend because my income was low enough that with deductions I didn’t have to pay any taxes anyway. My question is, can I use this for next years taxes when I probably can use the credit?

Best answer by MinhT1

It was a corrected 1099-DIV reporting dividends received.

 

You cannot use that form for 2024 in any other year's tax return.

 

If this would not change your tax liability (which I understand is 0), you do not have to file an amended tax return.

1 reply

DawnC
Employee
March 11, 2025

Can you clarify?  Did you mean a corrected 1099-B?   

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Jnak Author
March 11, 2025

It is the corrected year end composite 1099. Maybe it’s 1099-div specifically. 

MinhT1Answer
March 11, 2025

It was a corrected 1099-DIV reporting dividends received.

 

You cannot use that form for 2024 in any other year's tax return.

 

If this would not change your tax liability (which I understand is 0), you do not have to file an amended tax return.

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"