Reply To: I received 1099-DIV’s from two payers for the same investment

Home Fairmark Forum Taxation of Investments I received 1099-DIV’s from two payers for the same investment Reply To: I received 1099-DIV’s from two payers for the same investment

#19791
Kaye Thomas
Moderator

You won’t have to pay tax on both, but if both were reported to the IRS, the proper way to report may be to show both on your form, along with negative numbers to zero out one of them, with an accompanying explanation. Showing both will avoid the automatic flagging of your return for failing to report an item that has been reported to the IRS.