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Dividends and Distributions on your 1099
Just a reminder to everyone that making sure all the information in the dividends and distributions section of your 1099 is properly handled on your investment club taxes is as important as reporting your stock sales correctly.

Sometimes you even find treasure. I just found a mistake on one clubs 1099 where the broker had misreported a dividend amount as $4113.06 when it should have been more like $650.08

Spending time delving into all the pages of your 1099 can pay off!

Laurie Frederiksen
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