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March 16, 2020
Question

Why do brokers send out 1099-DIV forms with total amounts for dividends, while mutual fund firms like Vanguard are required to list every fund ?

  • March 16, 2020
  • 2 replies
  • 0 views
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2 replies

Employee
March 16, 2020

Good question. I've wondered about that myself. They are structured differently and have different rules. That's just the way things are.

fanfare
Employee
March 17, 2020

Your mutual fund holdings are in your name.

Your broker holds your stocks in street name.

March 17, 2020

Thanks.