Heads Up If You Own AL or BGS
If you file a amended return do you have to resend everything again? Is there a special form for amended returns? If you know of a link on how to go about this please include.
Thanks, very much appreciate everyone's help.
Sent from my iPhone
On Mar 12, 2022, at 9:42 AM, MARY FRAN NOVAK via bivio.com <user*7094300001@bivio.com> wrote:
No, my club still has not received a corrected 1099, I had messaged TDA last week about this, but no response. I plan on calling them on MondayOn Mar 12, 2022, at 9:17 AM, charlahurt via bivio.com <user*28623400001@bivio.com> wrote:Yes, our club received a corrected 1099 from TDA on March 3rd, just hours after I had mailed our 1065 to the IRS. With Laurie's help I was able to run the tax program again (after making the corrections) and mail a Superseding return March 10.Sent via the Samsung Galaxy S10e, an AT&T 5G Evolution capable smartphone-------- Original message --------From: "Martin J Eckerle via bivio.com" <user*12801300001@bivio.com>Date: 3/12/22 9:09 AM (GMT-06:00)Subject: RE: [club_cafe] Heads Up If You Own AL or BGSOur club owns AL. TDA has not updated our 1099. Has other TDA clubs received updated 1099's from them?
From: club_cafe@bivio.com <club_cafe@bivio.com> On Behalf Of Laurie Frederiksen
Sent: Tuesday, March 8, 2022 8:59 PM
To: The Club Cafe <club_cafe@bivio.com>
Subject: [club_cafe] Heads Up If You Own AL or BGS
Many of your clubs own AL and/or BGS.
Just a heads up that there have been late reclassifications to their dividends. Many clubs are now receiving revised 1099's to show that.
You'll need to make these reclassifications to properly report your taxes and adjust the cost basis of your shares.
If you did not sell any shares in 2021, and you have already filed your club taxes, you'll need to make the corrections. However, you can decide whether or not to file an amended return. You will have over-reported your taxes, so the IRS would probably not complain if you don't.
On the other hand, if you did sell shares in 2021, and you have already filed, you do need to update and file an amended return. You will have underreported your capital gains on your sales. Something the IRS probably won't like.
Laurie Frederiksen
Invest with your friends!
www.bivio.com
Become our Facebook friend! www.facebook.com/bivio
Follow us on twitter! www.twitter.com/bivio
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If you file a amended return do you have to resend everything again? Is there a special form for amended returns? If you know of a link on how to go about this please include.Thanks, very much appreciate everyone's help.Sent from my iPhoneOn Mar 12, 2022, at 9:42 AM, MARY FRAN NOVAK via bivio.com <user*7094300001@bivio.com> wrote:No, my club still has not received a corrected 1099, I had messaged TDA last week about this, but no response. I plan on calling them on MondayOn Mar 12, 2022, at 9:17 AM, charlahurt via bivio.com <user*28623400001@bivio.com> wrote:Yes, our club received a corrected 1099 from TDA on March 3rd, just hours after I had mailed our 1065 to the IRS. With Laurie's help I was able to run the tax program again (after making the corrections) and mail a Superseding return March 10.Sent via the Samsung Galaxy S10e, an AT&T 5G Evolution capable smartphone-------- Original message --------From: "Martin J Eckerle via bivio.com" <user*12801300001@bivio.com>Date: 3/12/22 9:09 AM (GMT-06:00)Subject: RE: [club_cafe] Heads Up If You Own AL or BGSOur club owns AL. TDA has not updated our 1099. Has other TDA clubs received updated 1099's from them?
From: club_cafe@bivio.com <club_cafe@bivio.com> On Behalf Of Laurie Frederiksen
Sent: Tuesday, March 8, 2022 8:59 PM
To: The Club Cafe <club_cafe@bivio.com>
Subject: [club_cafe] Heads Up If You Own AL or BGS
Many of your clubs own AL and/or BGS.
Just a heads up that there have been late reclassifications to their dividends. Many clubs are now receiving revised 1099's to show that.
You'll need to make these reclassifications to properly report your taxes and adjust the cost basis of your shares.
If you did not sell any shares in 2021, and you have already filed your club taxes, you'll need to make the corrections. However, you can decide whether or not to file an amended return. You will have over-reported your taxes, so the IRS would probably not complain if you don't.
On the other hand, if you did sell shares in 2021, and you have already filed, you do need to update and file an amended return. You will have underreported your capital gains on your sales. Something the IRS probably won't like.
Laurie Frederiksen
Invest with your friends!
www.bivio.com
Become our Facebook friend! www.facebook.com/bivio
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Hi Laurie,
I hope they are more responsive than MIND. I sent them an email about 4 days ago and have not even an acknowledgement that they received it.
By the way, please tell me if this makes sense: I called TDA and got connected with their tax department as you suggested. The tax department says these dividends come in on their little green screens with the details of the nature of the dividend (qualified, nonqualified, non-dividend distribution, etc., and that is as far as they get into it. And, they said that I need to contact the company's investor relations and see what they say. Is that how these brokerages operate?
Thanks,
Peter Dunkelberger
On Sat, Mar 12, 2022 at 11:02 AM Laurie Frederiksen <laurie@bivio.biz> wrote:
The Air Lease investor relations contact information is at the bottom of this page:
https://airleasecorp.com/investors/faq
I have sent an email, but not heard back from them. Maybe if all of you email them to ask the question, it will help to get their attention.
We have had quite a few clubs that have had the changes come though on corrected 1099's. Your brokers may be waiting until March 15 to issue new ones.
If you have filed for an extension you will be able to deal with the information when you get it but you need to do that before March 15:
Laurie Frederiksen
Invest with your friends!
www.bivio.com
Become our Facebook friend! www.facebook.com/bivio
Follow us on twitter! www.twitter.com/bivio
Follow Us on Google+
Click here to Subscribe to the Club Cafe email list. Click here to UnsubscribeIf you file a amended return do you have to resend everything again? Is there a special form for amended returns? If you know of a link on how to go about this please include.Thanks, very much appreciate everyone's help.Sent from my iPhoneOn Mar 12, 2022, at 9:42 AM, MARY FRAN NOVAK via bivio.com <user*7094300001@bivio.com> wrote:No, my club still has not received a corrected 1099, I had messaged TDA last week about this, but no response. I plan on calling them on MondayOn Mar 12, 2022, at 9:17 AM, charlahurt via bivio.com <user*28623400001@bivio.com> wrote:Yes, our club received a corrected 1099 from TDA on March 3rd, just hours after I had mailed our 1065 to the IRS. With Laurie's help I was able to run the tax program again (after making the corrections) and mail a Superseding return March 10.Sent via the Samsung Galaxy S10e, an AT&T 5G Evolution capable smartphone-------- Original message --------From: "Martin J Eckerle via bivio.com" <user*12801300001@bivio.com>Date: 3/12/22 9:09 AM (GMT-06:00)Subject: RE: [club_cafe] Heads Up If You Own AL or BGSOur club owns AL. TDA has not updated our 1099. Has other TDA clubs received updated 1099's from them?
From: club_cafe@bivio.com <club_cafe@bivio.com> On Behalf Of Laurie Frederiksen
Sent: Tuesday, March 8, 2022 8:59 PM
To: The Club Cafe <club_cafe@bivio.com>
Subject: [club_cafe] Heads Up If You Own AL or BGS
Many of your clubs own AL and/or BGS.
Just a heads up that there have been late reclassifications to their dividends. Many clubs are now receiving revised 1099's to show that.
You'll need to make these reclassifications to properly report your taxes and adjust the cost basis of your shares.
If you did not sell any shares in 2021, and you have already filed your club taxes, you'll need to make the corrections. However, you can decide whether or not to file an amended return. You will have over-reported your taxes, so the IRS would probably not complain if you don't.
On the other hand, if you did sell shares in 2021, and you have already filed, you do need to update and file an amended return. You will have underreported your capital gains on your sales. Something the IRS probably won't like.
Laurie Frederiksen
Invest with your friends!
www.bivio.com
Become our Facebook friend! www.facebook.com/bivio
Follow us on twitter! www.twitter.com/bivio
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Thanks for the info Laurie. I have filed for an extension, as you suggested last week. But it is annoying that some clubs have the corrected 1099 and others do not.
On Mar 12, 2022, at 10:01 AM, Laurie Frederiksen <laurie@bivio.biz> wrote:
The Air Lease investor relations contact information is at the bottom of this page:
https://airleasecorp.com/investors/faq
I have sent an email, but not heard back from them. Maybe if all of you email them to ask the question, it will help to get their attention.
We have had quite a few clubs that have had the changes come though on corrected 1099's. Your brokers may be waiting until March 15 to issue new ones.
If you have filed for an extension you will be able to deal with the information when you get it but you need to do that before March 15:
Laurie Frederiksen
Invest with your friends!
www.bivio.com
Become our Facebook friend! www.facebook.com/bivio
Follow us on twitter! www.twitter.com/bivio
Follow Us on Google+
Click here to Subscribe to the Club Cafe email list. Click here to UnsubscribeIf you file a amended return do you have to resend everything again? Is there a special form for amended returns? If you know of a link on how to go about this please include.Thanks, very much appreciate everyone's help.Sent from my iPhoneOn Mar 12, 2022, at 9:42 AM, MARY FRAN NOVAK via bivio.com <user*7094300001@bivio.com> wrote:No, my club still has not received a corrected 1099, I had messaged TDA last week about this, but no response. I plan on calling them on MondayOn Mar 12, 2022, at 9:17 AM, charlahurt via bivio.com <user*28623400001@bivio.com> wrote:Yes, our club received a corrected 1099 from TDA on March 3rd, just hours after I had mailed our 1065 to the IRS. With Laurie's help I was able to run the tax program again (after making the corrections) and mail a Superseding return March 10.Sent via the Samsung Galaxy S10e, an AT&T 5G Evolution capable smartphone-------- Original message --------From: "Martin J Eckerle via bivio.com" <user*12801300001@bivio.com>Date: 3/12/22 9:09 AM (GMT-06:00)Subject: RE: [club_cafe] Heads Up If You Own AL or BGSOur club owns AL. TDA has not updated our 1099. Has other TDA clubs received updated 1099's from them?
From: club_cafe@bivio.com <club_cafe@bivio.com> On Behalf Of Laurie Frederiksen
Sent: Tuesday, March 8, 2022 8:59 PM
To: The Club Cafe <club_cafe@bivio.com>
Subject: [club_cafe] Heads Up If You Own AL or BGS
Many of your clubs own AL and/or BGS.
Just a heads up that there have been late reclassifications to their dividends. Many clubs are now receiving revised 1099's to show that.
You'll need to make these reclassifications to properly report your taxes and adjust the cost basis of your shares.
If you did not sell any shares in 2021, and you have already filed your club taxes, you'll need to make the corrections. However, you can decide whether or not to file an amended return. You will have over-reported your taxes, so the IRS would probably not complain if you don't.
On the other hand, if you did sell shares in 2021, and you have already filed, you do need to update and file an amended return. You will have underreported your capital gains on your sales. Something the IRS probably won't like.
Laurie Frederiksen
Invest with your friends!
www.bivio.com
Become our Facebook friend! www.facebook.com/bivio
Follow us on twitter! www.twitter.com/bivio
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Click here to Subscribe to the Club Cafe email list. Click here to Unsubscribe
TDA has not provided our club an updated 1099, either
On 3/12/2022 7:41 AM, MARY FRAN NOVAK
via bivio.com wrote:
No, my club still has not received a corrected 1099, I had messaged TDA last week about this, but no response. I plan on calling them on Monday
On Mar 12, 2022, at 9:17 AM, charlahurt via bivio.com <user*28623400001@bivio.com> wrote:
Yes, our club received a corrected 1099 from TDA on March 3rd, just hours after I had mailed our 1065 to the IRS. With Laurie's help I was able to run the tax program again (after making the corrections) and mail a Superseding return March 10.
Sent via the Samsung Galaxy S10e, an AT&T 5G Evolution capable smartphone
-------- Original message --------From: "Martin J Eckerle via bivio.com" <user*12801300001@bivio.com>Date: 3/12/22 9:09 AM (GMT-06:00)Subject: RE: [club_cafe] Heads Up If You Own AL or BGS
Our club owns AL. TDA has not updated our 1099. Has other TDA clubs received updated 1099's from them?
From: club_cafe@bivio.com <club_cafe@bivio.com> On Behalf Of Laurie Frederiksen
Sent: Tuesday, March 8, 2022 8:59 PM
To: The Club Cafe <club_cafe@bivio.com>
Subject: [club_cafe] Heads Up If You Own AL or BGS
Many of your clubs own AL and/or BGS.
Just a heads up that there have been late reclassifications to their dividends. Many clubs are now receiving revised 1099's to show that.
You'll need to make these reclassifications to properly report your taxes and adjust the cost basis of your shares.
If you did not sell any shares in 2021, and you have already filed your club taxes, you'll need to make the corrections. However, you can decide whether or not to file an amended return. You will have over-reported your taxes, so the IRS would probably not complain if you don't.
On the other hand, if you did sell shares in 2021, and you have already filed, you do need to update and file an amended return. You will have underreported your capital gains on your sales. Something the IRS probably won't like.
Laurie Frederiksen
Invest with your friends!
www.bivio.com
Become our Facebook friend! www.facebook.com/bivio
Follow us on twitter! www.twitter.com/bivio
Follow Us on Google+
Click here to Subscribe to the Club Cafe email list. Click here to Unsubscribe
No, I haven't. I understand they have 30 days to file amended 1099's when they discover the error. I guess you will have to keep checking TD to see if they update it.
Our club owns AL. TDA has not updated our 1099. Has other TDA clubs received updated 1099's from them?
From: club_cafe@bivio.com <club_cafe@bivio.com> On Behalf Of Laurie Frederiksen
Sent: Tuesday, March 8, 2022 8:59 PM
To: The Club Cafe <club_cafe@bivio.com>
Subject: [club_cafe] Heads Up If You Own AL or BGS
Many of your clubs own AL and/or BGS.
Just a heads up that there have been late reclassifications to their dividends. Many clubs are now receiving revised 1099's to show that.
You'll need to make these reclassifications to properly report your taxes and adjust the cost basis of your shares.
If you did not sell any shares in 2021, and you have already filed your club taxes, you'll need to make the corrections. However, you can decide whether or not to file an amended return. You will have over-reported your taxes, so the IRS would probably not complain if you don't.
On the other hand, if you did sell shares in 2021, and you have already filed, you do need to update and file an amended return. You will have underreported your capital gains on your sales. Something the IRS probably won't like.
Laurie Frederiksen
Invest with your friends!
www.bivio.com
Become our Facebook friend! www.facebook.com/bivio
Follow us on twitter! www.twitter.com/bivio
Follow Us on Google+
Click here to Subscribe to the Club Cafe email list. Click here to Unsubscribe
On 2022-03-12 07:17, charlahurt via bivio.com wrote:
> Yes, our club received a corrected 1099 from TDA on March 3rd, just
> hours after I had mailed our 1065 to the IRS. With Laurie's help I was
> able to run the tax program again (after making the corrections) and
> mail a Superseding return March 10.
>
How does one mail a superseding return?
Barry
> Yes, our club received a corrected 1099 from TDA on March 3rd, just
> hours after I had mailed our 1065 to the IRS. With Laurie's help I was
> able to run the tax program again (after making the corrections) and
> mail a Superseding return March 10.
>
How does one mail a superseding return?
Barry
You file a 1065x (corrected return).
Get the form a instructions from irs.gov. I had to file one because of the K-2 K-3 mess. It really wasn’t too bad other than having to mail ~15oz document.
Jeff
Sent from my iPhone
> On Mar 12, 2022, at 8:33 PM, jkdblsdd via bivio.com <user*11376300001@bivio.com> wrote:
>
> On 2022-03-12 07:17, charlahurt via bivio.com wrote:
>> Yes, our club received a corrected 1099 from TDA on March 3rd, just
>> hours after I had mailed our 1065 to the IRS. With Laurie's help I was
>> able to run the tax program again (after making the corrections) and
>> mail a Superseding return March 10.
>
>
> How does one mail a superseding return?
> Barry
>
Get the form a instructions from irs.gov. I had to file one because of the K-2 K-3 mess. It really wasn’t too bad other than having to mail ~15oz document.
Jeff
Sent from my iPhone
> On Mar 12, 2022, at 8:33 PM, jkdblsdd via bivio.com <user*11376300001@bivio.com> wrote:
>
> On 2022-03-12 07:17, charlahurt via bivio.com wrote:
>> Yes, our club received a corrected 1099 from TDA on March 3rd, just
>> hours after I had mailed our 1065 to the IRS. With Laurie's help I was
>> able to run the tax program again (after making the corrections) and
>> mail a Superseding return March 10.
>
>
> How does one mail a superseding return?
> Barry
>
This morning our Treasurer emailed AL Investor Relations and TD Ameritrade and has not heard back from either.
She then checked AL's Annual Report, and it says that the dividend declared per share for year ended December 31, 2021 is $.67, not the $.64 indicated in the original TDA 1099. Is this the reclassification they're talking about?
Our club has 100 shares of AL and we have not sold any. Would
TDA issue a corrected 1099 for a $3 increase? If not, what do we
need to do? We'd sent in our returns before we were aware of the
change, and just in case filed for an extension. Delivery is
confirmed for both.
Thank you, bivio, for everything you do!
Janice
On 3/12/2022 8:01 AM, Laurie
Frederiksen wrote:
The Air Lease investor relations contact information is at the bottom of this page:
https://airleasecorp.com/investors/faq
I have sent an email, but not heard back from them. Maybe if all of you email them to ask the question, it will help to get their attention.
We have had quite a few clubs that have had the changes come though on corrected 1099's. Your brokers may be waiting until March 15 to issue new ones.
If you have filed for an extension you will be able to deal with the information when you get it but you need to do that before March 15:
Laurie Frederiksen
Invest with your friends!
www.bivio.com
Become our Facebook friend! www.facebook.com/bivio
Follow us on twitter! www.twitter.com/bivio
Follow Us on Google+
Click here to Subscribe to the Club Cafe email list. Click here to Unsubscribe
If you file a amended return do you have to resend everything again? Is there a special form for amended returns? If you know of a link on how to go about this please include.Thanks, very much appreciate everyone's help.
Sent from my iPhone
On Mar 12, 2022, at 9:42 AM, MARY FRAN NOVAK via bivio.com <user*7094300001@bivio.com> wrote:
No, my club still has not received a corrected 1099, I had messaged TDA last week about this, but no response. I plan on calling them on Monday
On Mar 12, 2022, at 9:17 AM, charlahurt via bivio.com <user*28623400001@bivio.com> wrote:
Yes, our club received a corrected 1099 from TDA on March 3rd, just hours after I had mailed our 1065 to the IRS. With Laurie's help I was able to run the tax program again (after making the corrections) and mail a Superseding return March 10.
Sent via the Samsung Galaxy S10e, an AT&T 5G Evolution capable smartphone
-------- Original message --------From: "Martin J Eckerle via bivio.com" <user*12801300001@bivio.com>Date: 3/12/22 9:09 AM (GMT-06:00)Subject: RE: [club_cafe] Heads Up If You Own AL or BGS
Our club owns AL. TDA has not updated our 1099. Has other TDA clubs received updated 1099's from them?
From: club_cafe@bivio.com <club_cafe@bivio.com> On Behalf Of Laurie Frederiksen
Sent: Tuesday, March 8, 2022 8:59 PM
To: The Club Cafe <club_cafe@bivio.com>
Subject: [club_cafe] Heads Up If You Own AL or BGS
Many of your clubs own AL and/or BGS.
Just a heads up that there have been late reclassifications to their dividends. Many clubs are now receiving revised 1099's to show that.
You'll need to make these reclassifications to properly report your taxes and adjust the cost basis of your shares.
If you did not sell any shares in 2021, and you have already filed your club taxes, you'll need to make the corrections. However, you can decide whether or not to file an amended return. You will have over-reported your taxes, so the IRS would probably not complain if you don't.
On the other hand, if you did sell shares in 2021, and you have already filed, you do need to update and file an amended return. You will have underreported your capital gains on your sales. Something the IRS probably won't like.
Laurie Frederiksen
Invest with your friends!
www.bivio.com
Become our Facebook friend! www.facebook.com/bivio
Follow us on twitter! www.twitter.com/bivio
Follow Us on Google+
Click here to Subscribe to the Club Cafe email list. Click here to Unsubscribe
TD Ameritrade finally got back to me. They will issue a corrected 1099 between March 17 and April 4. Great. How do we fix this when we get the correct info? Thanks Bivio. We filed for an extension, which has been received, so I will be filing a 1st copy of 1065
On Mar 14, 2022, at 4:43 PM, Janice Levasheff via bivio.com <user*26320300001@bivio.com> wrote:This morning our Treasurer emailed AL Investor Relations and TD Ameritrade and has not heard back from either.
She then checked AL's Annual Report, and it says that the dividend declared per share for year ended December 31, 2021 is $.67, not the $.64 indicated in the original TDA 1099. Is this the reclassification they're talking about?
Our club has 100 shares of AL and we have not sold any. Would TDA issue a corrected 1099 for a $3 increase? If not, what do we need to do? We'd sent in our returns before we were aware of the change, and just in case filed for an extension. Delivery is confirmed for both.
<0mLC6whPmr5HUX40.png>
Thank you, bivio, for everything you do!
Janice
On 3/12/2022 8:01 AM, Laurie Frederiksen wrote:
The Air Lease investor relations contact information is at the bottom of this page:
https://airleasecorp.com/investors/faq
I have sent an email, but not heard back from them. Maybe if all of you email them to ask the question, it will help to get their attention.
We have had quite a few clubs that have had the changes come though on corrected 1099's. Your brokers may be waiting until March 15 to issue new ones.
If you have filed for an extension you will be able to deal with the information when you get it but you need to do that before March 15:
Laurie Frederiksen
Invest with your friends!
www.bivio.com
Become our Facebook friend! www.facebook.com/bivio
Follow us on twitter! www.twitter.com/bivio
Follow Us on Google+
Click here to Subscribe to the Club Cafe email list. Click here to Unsubscribe
If you file a amended return do you have to resend everything again? Is there a special form for amended returns? If you know of a link on how to go about this please include.Thanks, very much appreciate everyone's help.
Sent from my iPhone
On Mar 12, 2022, at 9:42 AM, MARY FRAN NOVAK via bivio.com <user*7094300001@bivio.com> wrote:
No, my club still has not received a corrected 1099, I had messaged TDA last week about this, but no response. I plan on calling them on Monday
On Mar 12, 2022, at 9:17 AM, charlahurt via bivio.com <user*28623400001@bivio.com> wrote:
Yes, our club received a corrected 1099 from TDA on March 3rd, just hours after I had mailed our 1065 to the IRS. With Laurie's help I was able to run the tax program again (after making the corrections) and mail a Superseding return March 10.
Sent via the Samsung Galaxy S10e, an AT&T 5G Evolution capable smartphone
-------- Original message --------From: "Martin J Eckerle via bivio.com" <user*12801300001@bivio.com>Date: 3/12/22 9:09 AM (GMT-06:00)Subject: RE: [club_cafe] Heads Up If You Own AL or BGS
Our club owns AL. TDA has not updated our 1099. Has other TDA clubs received updated 1099's from them?
From: club_cafe@bivio.com <club_cafe@bivio.com> On Behalf Of Laurie Frederiksen
Sent: Tuesday, March 8, 2022 8:59 PM
To: The Club Cafe <club_cafe@bivio.com>
Subject: [club_cafe] Heads Up If You Own AL or BGS
Many of your clubs own AL and/or BGS.
Just a heads up that there have been late reclassifications to their dividends. Many clubs are now receiving revised 1099's to show that.
You'll need to make these reclassifications to properly report your taxes and adjust the cost basis of your shares.
If you did not sell any shares in 2021, and you have already filed your club taxes, you'll need to make the corrections. However, you can decide whether or not to file an amended return. You will have over-reported your taxes, so the IRS would probably not complain if you don't.
On the other hand, if you did sell shares in 2021, and you have already filed, you do need to update and file an amended return. You will have underreported your capital gains on your sales. Something the IRS probably won't like.
Laurie Frederiksen
Invest with your friends!
www.bivio.com
Become our Facebook friend! www.facebook.com/bivio
Follow us on twitter! www.twitter.com/bivio
Follow Us on Google+
Click here to Subscribe to the Club Cafe email list. Click here to Unsubscribe
The board did declare dividends of .67 for 2021, but only paid .64 for 2021. The last dividend declare was not payable until January 5
Dividend History
| Board Action | X-Dividend | Record | Payment | Amount |
|---|---|---|---|---|
| 02.15.2022 | 03.17.2022 | 03.18.2022 | 04.07.2022 | $0.185 |
| 11.03.2021 | 12.16.2021 | 12.17.2021 | 01.05.2022 | $0.185 |
| 08.04.2021 | 09.09.2021 | 09.10.2021 | 10.08.2021 | $0.16 |
| 05.05.2021 | 06.07.2021 | 06.08.2021 | 07.09.2021 | $0.16 |
| 02.19.2021 | 03.18.2021 | 03.19.2021 | 04.07.2021 | $0.16 |
| 11.06.2020 | 12.17.2020 | 12.18.2020 | 01.06.2021 | $0.16 |
TD Ameritrade finally got back to me. They will issue a corrected 1099 between March 17 and April 4. Great. How do we fix this when we get the correct info? Thanks Bivio. We filed for an extension, which has been received, so I will be filing a 1st copy of 1065On Mar 14, 2022, at 4:43 PM, Janice Levasheff via bivio.com <user*26320300001@bivio.com> wrote:This morning our Treasurer emailed AL Investor Relations and TD Ameritrade and has not heard back from either.
She then checked AL's Annual Report, and it says that the dividend declared per share for year ended December 31, 2021 is $.67, not the $.64 indicated in the original TDA 1099. Is this the reclassification they're talking about?
Our club has 100 shares of AL and we have not sold any. Would TDA issue a corrected 1099 for a $3 increase? If not, what do we need to do? We'd sent in our returns before we were aware of the change, and just in case filed for an extension. Delivery is confirmed for both.
<0mLC6whPmr5HUX40.png>
Thank you, bivio, for everything you do!
Janice
On 3/12/2022 8:01 AM, Laurie Frederiksen wrote:
The Air Lease investor relations contact information is at the bottom of this page:
https://airleasecorp.com/investors/faq
I have sent an email, but not heard back from them. Maybe if all of you email them to ask the question, it will help to get their attention.
We have had quite a few clubs that have had the changes come though on corrected 1099's. Your brokers may be waiting until March 15 to issue new ones.
If you have filed for an extension you will be able to deal with the information when you get it but you need to do that before March 15:
Laurie Frederiksen
Invest with your friends!
www.bivio.com
Become our Facebook friend! www.facebook.com/bivio
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If you file a amended return do you have to resend everything again? Is there a special form for amended returns? If you know of a link on how to go about this please include.Thanks, very much appreciate everyone's help.
Sent from my iPhone
On Mar 12, 2022, at 9:42 AM, MARY FRAN NOVAK via bivio.com <user*7094300001@bivio.com> wrote:
No, my club still has not received a corrected 1099, I had messaged TDA last week about this, but no response. I plan on calling them on Monday
On Mar 12, 2022, at 9:17 AM, charlahurt via bivio.com <user*28623400001@bivio.com> wrote:
Yes, our club received a corrected 1099 from TDA on March 3rd, just hours after I had mailed our 1065 to the IRS. With Laurie's help I was able to run the tax program again (after making the corrections) and mail a Superseding return March 10.
Sent via the Samsung Galaxy S10e, an AT&T 5G Evolution capable smartphone
-------- Original message --------From: "Martin J Eckerle via bivio.com" <user*12801300001@bivio.com>Date: 3/12/22 9:09 AM (GMT-06:00)Subject: RE: [club_cafe] Heads Up If You Own AL or BGS
Our club owns AL. TDA has not updated our 1099. Has other TDA clubs received updated 1099's from them?
From: club_cafe@bivio.com <club_cafe@bivio.com> On Behalf Of Laurie Frederiksen
Sent: Tuesday, March 8, 2022 8:59 PM
To: The Club Cafe <club_cafe@bivio.com>
Subject: [club_cafe] Heads Up If You Own AL or BGS
Many of your clubs own AL and/or BGS.
Just a heads up that there have been late reclassifications to their dividends. Many clubs are now receiving revised 1099's to show that.
You'll need to make these reclassifications to properly report your taxes and adjust the cost basis of your shares.
If you did not sell any shares in 2021, and you have already filed your club taxes, you'll need to make the corrections. However, you can decide whether or not to file an amended return. You will have over-reported your taxes, so the IRS would probably not complain if you don't.
On the other hand, if you did sell shares in 2021, and you have already filed, you do need to update and file an amended return. You will have underreported your capital gains on your sales. Something the IRS probably won't like.
Laurie Frederiksen
Invest with your friends!
www.bivio.com
Become our Facebook friend! www.facebook.com/bivio
Follow us on twitter! www.twitter.com/bivio
Follow Us on Google+
Click here to Subscribe to the Club Cafe email list. Click here to Unsubscribe
I suggest GO TO YOUR TDA website, CLICK ON MY ACCOUNT/TAX CENTER 2021, CONSOLIDATED TAX FORM 1099 DTATUS
The board did declare dividends of .67 for 2021, but only paid .64 for 2021. The last dividend declare was not payable until January 5
Dividend History
Board Action X-Dividend Record Payment Amount 02.15.2022 03.17.2022 03.18.2022 04.07.2022 $0.185 11.03.2021 12.16.2021 12.17.2021 01.05.2022 $0.185 08.04.2021 09.09.2021 09.10.2021 10.08.2021 $0.16 05.05.2021 06.07.2021 06.08.2021 07.09.2021 $0.16 02.19.2021 03.18.2021 03.19.2021 04.07.2021 $0.16 11.06.2020 12.17.2020 12.18.2020 01.06.2021 $0.16 TD Ameritrade finally got back to me. They will issue a corrected 1099 between March 17 and April 4. Great. How do we fix this when we get the correct info? Thanks Bivio. We filed for an extension, which has been received, so I will be filing a 1st copy of 1065On Mar 14, 2022, at 4:43 PM, Janice Levasheff via bivio.com <user*26320300001@bivio.com> wrote:This morning our Treasurer emailed AL Investor Relations and TD Ameritrade and has not heard back from either.
She then checked AL's Annual Report, and it says that the dividend declared per share for year ended December 31, 2021 is $.67, not the $.64 indicated in the original TDA 1099. Is this the reclassification they're talking about?
Our club has 100 shares of AL and we have not sold any. Would TDA issue a corrected 1099 for a $3 increase? If not, what do we need to do? We'd sent in our returns before we were aware of the change, and just in case filed for an extension. Delivery is confirmed for both.
<0mLC6whPmr5HUX40.png>
Thank you, bivio, for everything you do!
Janice
On 3/12/2022 8:01 AM, Laurie Frederiksen wrote:
The Air Lease investor relations contact information is at the bottom of this page:
https://airleasecorp.com/investors/faq
I have sent an email, but not heard back from them. Maybe if all of you email them to ask the question, it will help to get their attention.
We have had quite a few clubs that have had the changes come though on corrected 1099's. Your brokers may be waiting until March 15 to issue new ones.
If you have filed for an extension you will be able to deal with the information when you get it but you need to do that before March 15:
Laurie Frederiksen
Invest with your friends!
www.bivio.com
Become our Facebook friend! www.facebook.com/bivio
Follow us on twitter! www.twitter.com/bivio
Follow Us on Google+
Click here to Subscribe to the Club Cafe email list. Click here to Unsubscribe
If you file a amended return do you have to resend everything again? Is there a special form for amended returns? If you know of a link on how to go about this please include.Thanks, very much appreciate everyone's help.
Sent from my iPhone
On Mar 12, 2022, at 9:42 AM, MARY FRAN NOVAK via bivio.com <user*7094300001@bivio.com> wrote:
No, my club still has not received a corrected 1099, I had messaged TDA last week about this, but no response. I plan on calling them on Monday
On Mar 12, 2022, at 9:17 AM, charlahurt via bivio.com <user*28623400001@bivio.com> wrote:
Yes, our club received a corrected 1099 from TDA on March 3rd, just hours after I had mailed our 1065 to the IRS. With Laurie's help I was able to run the tax program again (after making the corrections) and mail a Superseding return March 10.
Sent via the Samsung Galaxy S10e, an AT&T 5G Evolution capable smartphone
-------- Original message --------From: "Martin J Eckerle via bivio.com" <user*12801300001@bivio.com>Date: 3/12/22 9:09 AM (GMT-06:00)Subject: RE: [club_cafe] Heads Up If You Own AL or BGS
Our club owns AL. TDA has not updated our 1099. Has other TDA clubs received updated 1099's from them?
From: club_cafe@bivio.com <club_cafe@bivio.com> On Behalf Of Laurie Frederiksen
Sent: Tuesday, March 8, 2022 8:59 PM
To: The Club Cafe <club_cafe@bivio.com>
Subject: [club_cafe] Heads Up If You Own AL or BGS
Many of your clubs own AL and/or BGS.
Just a heads up that there have been late reclassifications to their dividends. Many clubs are now receiving revised 1099's to show that.
You'll need to make these reclassifications to properly report your taxes and adjust the cost basis of your shares.
If you did not sell any shares in 2021, and you have already filed your club taxes, you'll need to make the corrections. However, you can decide whether or not to file an amended return. You will have over-reported your taxes, so the IRS would probably not complain if you don't.
On the other hand, if you did sell shares in 2021, and you have already filed, you do need to update and file an amended return. You will have underreported your capital gains on your sales. Something the IRS probably won't like.
Laurie Frederiksen
Invest with your friends!
www.bivio.com
Become our Facebook friend! www.facebook.com/bivio
Follow us on twitter! www.twitter.com/bivio
Follow Us on Google+
Click here to Subscribe to the Club Cafe email list. Click here to Unsubscribe
I sent TD Ameritrade an email about this in March when
Laurie alerted us to this issue. They replied there would
be a corrected 1099 within a month. When I didn't receive
one by the date they gave me, I emailed again. Their
response is "oh, we made a mistake, you are not getting an
amended one. " Does this clear me to send the original
1065? I did file for an extension but only want to send
taxes once. TIA
Laurie alerted us to this issue. They replied there would
be a corrected 1099 within a month. When I didn't receive
one by the date they gave me, I emailed again. Their
response is "oh, we made a mistake, you are not getting an
amended one. " Does this clear me to send the original
1065? I did file for an extension but only want to send
taxes once. TIA