Taxes

ANNE WEEKS on

In doing our club taxes, the dividends differ between broker and bivio by $48. I have traced this to a dividend that is on the 1099 but not in the bivio summary. It is a dividend received in 2020 for a stock with ex-dividend date of 12/26/2019. Shouldn’t it be included in bivio or is the broker wrong. The dividend is listed in transactions with correct dates. In case it matters, the dividend is a section 199A dividend.
Thanks for any help.
Anne Weeks

“A garden is not something you have. It is something you do.”

Sent from my iPad

Laurie Frederiksen on

If you received dividends early in January that are reported as 2019 dividends, you need to find the dividend entry and edit it. Change the date on it to 12/31/2019 so it will be reported in the correct tax year.

This is another one of the problems with owning REIT's

Laurie Frederiksen
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On Thu, Feb 20, 2020 at 3:14 PM ANNE WEEKS via bivio.com <user*6029900001@bivio.com> wrote:

In doing our club taxes, the dividends differ between broker and bivio by $48. I have traced this to a dividend that is on the 1099 but not in the bivio summary. It is a dividend received in 2020 for a stock with ex-dividend date of 12/26/2019. Shouldn't it be included in bivio or is the broker wrong. The dividend is listed in transactions with correct dates. In case it matters, the dividend is a section 199A dividend.
Thanks for any help.
Anne Weeks

"A garden is not something you have. It is something you do."

Sent from my iPad

DEBI THORNE on

I would check with the Broker first. Generally the dividend is taxable when received and not necessarily on the ex-dividend date.
Debi

-----Original Message-----
From: club_cafe@bivio.com <club_cafe@bivio.com> On Behalf Of ANNE WEEKS via bivio.com
Sent: Thursday, February 20, 2020 12:14 PM
To: club_cafe@bivio.com
Subject: [club_cafe] Taxes

In doing our club taxes, the dividends differ between broker and bivio by $48. I have traced this to a dividend that is on the 1099 but not in the bivio summary. It is a dividend received in 2020 for a stock with ex-dividend date of 12/26/2019. Shouldn’t it be included in bivio or is the broker wrong. The dividend is listed in transactions with correct dates. In case it matters, the dividend is a section 199A dividend.
Thanks for any help.
Anne Weeks

“A garden is not something you have. It is something you do.”

Sent from my iPad

Laurie Frederiksen on

That is not the case for REIT's and certain other investments.

You need to report the dividend in the year it is reported on your 1099, not necessarily the year you receive it.

On Wed, Feb 26, 2020 at 5:42 AM DEBI THORNE via bivio.com <user*10134500001@bivio.com> wrote:

I would check with the Broker first. Generally the dividend is taxable when received and not necessarily on the ex-dividend date.
Debi

-----Original Message-----
From: club_cafe@bivio.com <club_cafe@bivio.com> On Behalf Of ANNE WEEKS via bivio.com
Sent: Thursday, February 20, 2020 12:14 PM
To: club_cafe@bivio.com
Subject: [club_cafe] Taxes

In doing our club taxes, the dividends differ between broker and bivio by $48. I have traced this to a dividend that is on the 1099 but not in the bivio summary. It is a dividend received in 2020 for a stock with ex-dividend date of 12/26/2019. Shouldn't it be included in bivio or is the broker wrong. The dividend is listed in transactions with correct dates. In case it matters, the dividend is a section 199A dividend.
Thanks for any help.
Anne Weeks

"A garden is not something you have. It is something you do."

Sent from my iPad

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