Timeline for What to do about ETN distributions not included on 1099?
Current License: CC BY-SA 4.0
7 events
| when toggle format | what | by | license | comment | |
|---|---|---|---|---|---|
| Jun 9, 2018 at 21:55 | vote | accept | nanoman | ||
| Jun 9, 2018 at 3:56 | comment | added | nanoman | @dave_thompson_085 "no exclusion from reporting" -- are you saying that since the amount is well over $10, the broker must include it somewhere on the 1099, and the reason the broker gave me for not having done so (that it's a Swiss ETN) is definitely invalid? Is there any point to pursuing the 1099 issue further if the broker insists the 1099 is correct? This is a well-known brokerage firm and presumably has a large tax compliance staff. | |
| Jun 9, 2018 at 2:30 | comment | added | dave_thompson_085 | There is certainly no exclusion from reporting because the source is foreign. If the amount is small (under $10), and there is no withholding of foreign tax (which in my experience with foreign stocks and funds but not ETNs there usually is), that is exempted. In any case, you can put it correctly on your return regardless of a missing or even erroneous 1099, just keep the records that show your figures are correct in the (unlikely) event they audit or otherwise challenge you. | |
| Jun 8, 2018 at 18:59 | answer | added | nanoman | timeline score: 1 | |
| Jun 5, 2018 at 14:03 | comment | added | nanoman | @BobBaerker Return of capital is supposed to be listed in 1099-DIV box 3 (and mine is 0.00), so that does not explain its absence. | |
| Jun 5, 2018 at 14:00 | comment | added | Bob Baerker | Is there any chance that it is a non-taxable return of investment capital? Either way, speak to an accountant. | |
| Jun 5, 2018 at 13:37 | history | asked | nanoman | CC BY-SA 4.0 |