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    ctsuperman's Avatar
    ctsuperman Posts: 2, Reputation: 1
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    #1

    Mar 18, 2007, 11:42 AM
    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
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #2

    Mar 20, 2007, 11:14 AM
    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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