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-   -   Correction for 1099 Qualified dividends (https://www.askmehelpdesk.com/showthread.php?t=73324)

  • Mar 18, 2007, 11:42 AM
    ctsuperman
    Correction for 1099 Qualified dividends
    I received a correction for my 1099 from my broker. The correction was only in one field "qualified dividends", it's increased by only one dollar ($1) [From $71.71 To $72.65]. I already made my taxes, Do I need re-do it to correct it with $1 increase in the 1099 "qualified dividends" ? Please advise. Thanks
  • Mar 20, 2007, 11:14 AM
    AtlantaTaxExpert
    No! The increase in dividend probably had NO effect on the taxes due.

    Even if it did, the IRS will not pursue it, as it falls into the "de minimus" category and the IRS has bigger fish to fry!

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