It's a return of capital and you adjust your records in bivio by finding which transaction it is and making the change there. Your broker may have provided a supplemental schedule which indicated which dividend was reclassified. You should also be able to tell by reviewing your dividends for the year. In particular, review your holdings looking for REITs, and/or dividend paying companies that weren't profitable during the year.

 

Ira Smilovitz

 

I received a corrected 1099 with 46.74 less on Total
Ordinary Dividends box 1a and Qualified Dividends box 1b and
moved (added) to line 3 Nondividend Distributions.

There is no other identifying information on the 1099. I
read the IRS Pub 550 pg 21 but it didn't help.
The directions on the 1099 say that this reduces our cost
basis but on what? We sold several stocks last year.

My 1065 and K-1's have already gone out. Is it worth filing
amended reports? How do I account for this in Bivio?

Anyone have any suggestions?
Thanks loads,
Cherilyn Peay
NM Model Club