Multiple 1099s for the same fund

Feb 19, 2011 2 Replies
N

My wife and I jointly owned shares in a mutual fund. She passed away last year, so I changed ownership to individual.



Later, the mutual company changed the class of my mutual fund. So I have three 1099-DIVs for the same fund:



a. 1099-DIV for jointly held Fund A, lower class b. 1099-DIV for individual Fund A, lower class c. 1099-DIV for individual Fund A, higher class



I summed the dividends in the three 1099s and reported the total as one line item in TaxAct.



Is that OK? Or should I report dividends for each 1099? It is the same fund number for all 1099s.


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A

I'd report it just as the 1099DIV forms have it. Of course, if total dividends are less than 1500, it doesn't make any difference how you list it.

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A

Yes it is okay. In fact, I've never reported the dividends and capital gain distributions from the different funds at the same fund family by line item. E.g., I report all Vanguard dividends (4 different funds) as one line entry. I have never had that approach questioned.

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