club_cafe: Re: 1099 didn't report broker interest and dividends

iras1 on

Right. You are required to report all income. Payers of interest and dividends are only required to report payments in excess of $10.

Ira Smilovitz

In a message dated 02/17/08 5:33:23 P.M. Eastern Standard Time, etana_finkler@bivio.com writes:

Ira and all,

The $1.10 is the total of the 3 dividends TDAmeritrade gave
us.
The $5.65 is the total of all the interest TDAmeritrade gave
us.

Neither of these are reported on the 1099 and both are in
the total line in Bivio of the Transaction report. As you
said, both together are less than $10... so from what you
said I should report them, but ignore the difference in both
cases. Is that correct?

Delicious ideas to please the pickiest eaters. Watch the video on AOL Living.

Mail