Personal Finance & Money Stack Exchange is a question and answer site for people who want to be financially literate. It only takes a minute to sign up.
Sign up to join this community
In the USA, I know that dividends reinvested within a 401k, IRA, 529, or Coverdell ESA are not taxable (initially). I was surprised to see them show up on a 1099-DIV form this year from my investment company.
1) Is this right--somehow I have a 1099-DIV with a difference between box 1a and 1b, but I won't pay tax on it?
2) Is this wrong--somehow I need to contact them to get my 1099-DIV changed?
If this is a tax-deferred account you shouldn't be getting 1099 at all unless you withdrew something from it.
Call the company and ask them why they sent it to you.
