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-   -   1099-div (https://www.askmehelpdesk.com/showthread.php?t=56917)

  • Jan 23, 2007, 03:10 PM
    jwrbrts
    1099-div
    I purchased mutual funds in December 06 from T-Rowe Price and received 1099-DIV tax forms recently. I have small amounts of money reflected in the ordinary dividends and capital gain distributions boxes. Is it necessary to report these small amounts on my taxes? Thanks, John
  • Jan 23, 2007, 10:09 PM
    AtlantaTaxExpert
    John:

    Yes, please report them. The IRS computer may kick out the return for review by a human auditor if these monies are not reported. Who knows what happens then?

    Why risk it?
  • Jan 24, 2007, 02:06 AM
    jwrbrts
    Thanks AtlantaTaxExpert
  • Jan 24, 2007, 11:13 AM
    AtlantaTaxExpert
    Glad to help!

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