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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: Dave who wrote (83235)4/18/2007 9:12:11 PM
From: Paul Senior  Read Replies (1) of 206326
 
Dave, I have the same 1099 experience. (A revised brokerage statement rec'd this week)

At this point, for this issue, I'm not going to redo my taxes and file an amended return. I've already redone my taxes for each revision each brokerage account has been providing me with since Jan. (Maybe six revisions) Mostly it's the same as you mention---1099 adjustments from div to non-taxable.

Moving some dividend (qualified and/or non-qualified) to non-taxable distribution would benefit me by reducing my tax bill. I've done it and seen it already a few times so far this tax season as I say, and it's not been a lot of money. For me now on Apr. 18, I figure if the government wants to match up 1099's perfectly and will reduce my taxes just a very small amount by so doing, I'll let their computers do the recalculations for the brokerage statement changes I received this week.

Jmo. I'm no tax expert though.
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