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Subject Author Date
Corrected 1099 and Amended Return Question JHB 03-18-2008
Posted by JHB on March 18, 2008, 8:50 pm
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 Hi:

We sent off out tax forms a month ago, and just received an amended
1099 Div from our investment company. The effect of the amended return
is to change the Qualified Dividends by $8.15. When I put the change
into TurboTax, it comes up with the same taxable amount as the one we
originally submitted. In other words the change is so small it does
not impact the return at all.

My question is: if there is no change in the taxable amount as the
result of the Revised 1099, do we have to submit an amended return?

John Baker

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Posted by Mike Wellman on March 18, 2008, 10:02 pm
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> Hi:
>
> We sent off out tax forms a month ago, and just received an amended
> 1099 Div from our investment company. The effect of the amended return
> is to change the Qualified Dividends by $8.15. When I put the change
> into TurboTax, it comes up with the same taxable amount as the one we
> originally submitted. In other words the change is so small it does
> not impact the return at all.
>
> My question is: if there is no change in the taxable amount as the
> result of the Revised 1099, do we have to submit an amended return?
>

No need to amend.

--
<< ------------------------------------------------------- >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2007) - All rights reserved. >>
<< ------------------------------------------------------- >>

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