[tableclocks]

I got most of this figured out... however... where does nodivdend disdributions get reported... 18.00 from a mutual fund... from fidelity... that is not reported to the IRS... thank you... Richard
or...do they have to be reported at all because they are not reported to the irs from fidelity..thanks..

[ebaines]

I assume you're referring to an amount reported in Box 3 of form 1099-DIV, correct? That amount is non-taxable, so you don't report it on your income tax return. It's for information only, and most likely reflects a return of a portion of your original investment, which is not a taxable event. However, it could have an effect on the cost basis of your investment, which would have to be taken into account to properly calculate your gain (or loss) later on when you sell the investment.

[tableclocks]

Still waiting for the forms from fid... I got these #s from the tax info that's on the compt... so I'll look for it when I get the forms from fid in the mail... thank you... richard

[tableclocks]

Follow up... ok fed paper says it a total no dividend and tax exempt income
So I do not repot that at all ? Olso.. I made a mistake and reported some funds on 8949 D.. it should have been 8949 E.. do you think that will be OK ? Thank you my friend... richard

[AtlantaTaxExpert]

Redundant question.

My answer was that it will NOT be a problem if you reported the details of each stock transaction on Form 8949 instead of submitting the Form 1099-B.

[tableclocks]

O I see... ok ty

[tableclocks]

OK the 8949 A and D are all ready for the schedule D
Will the I R S accept my 1099 B instead of filling out the 8949 ?
Again.. thank you... richard

[AtlantaTaxExpert]

Yes, I have submitted Form 1099-B and formatted spreadsheets whose figures match the year-end summary multiple times in lieu of completing the Schedule D/Form 8949.