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#3
03-29-2005, 11:49 PM
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 Re: Should 1099's from same payer be added for reporting? rgb7799remove[at]ev1remove.net wrote: - quote - > I received 2 Form 1099's from the same institution in
Before listing both, make certain that one of them doesn't> separate mailings. Both have the same payer Fed ID number, > payer address, everything. These are two accounts of the > same type at the same institution. Should these be itemized > separately on Sched. B listing the payer twice, or should I > add them together and list the payer once? Thanks. have the "corrected" box checked. They should have issued only ONE document. << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#2
03-25-2005, 05:26 AM
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| Re: Should 1099's from same payer be added for reporting? rgb7799remove[at]ev1remove.net wrote: - quote - > I received 2 Form 1099's from the same institution in
they are separate entries.> separate mailings. Both have the same payer Fed ID number, > payer address, everything. These are two accounts of the > same type at the same institution. Should these be itemized > separately on Sched. B listing the payer twice, or should I > add them together and list the payer once? Thanks. ChEAr$, Harlan Lunsford, EA n LA 24 Mar 2005 << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#1
03-25-2005, 04:48 AM
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| Re: Should 1099's from same payer be added for reporting? rgb7799remove[at]ev1remove.net posted: - quote - > I received 2 Form 1099's from the same
Either way is acceptable. There may be a good reason for> institution in separate mailings. Both have the > same payer Fed ID number, payer address, > everything. These are two accounts of the > same type at the same institution. Should > these be itemized separately on Sched. B > listing the payer twice, or should I add them > together and list the payer once? adding them together as a one-line entry: for example, if you could not fit all of your interest income sources on the number of lines available on the paper Schedule B. Some people prefer to list individually in order to match their personal record keeping. Bill << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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03-25-2005, 03:50 AM
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| Re: Should 1099's from same payer be added for reporting? "rgb7799remove[at]ev1remove.net" <rgb7799remove[at]ev1remove.net> wrote: - quote - > I received 2 Form 1099's from the same institution in
List each one separately; you're less likely to get an IRS> separate mailings. Both have the same payer Fed ID number, > payer address, everything. These are two accounts of the > same type at the same institution. Should these be itemized > separately on Sched. B listing the payer twice, or should I > add them together and list the payer once? Thanks. letter asking to explain Schedule B. -- Tom Healy, CPA Boulder, CO Web: http://www.tomhealycpa.com << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#-1
03-24-2005, 02:32 AM
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| Should 1099's from same payer be added for reporting? I received 2 Form 1099's from the same institution in separate mailings. Both have the same payer Fed ID number, payer address, everything. These are two accounts of the same type at the same institution. Should these be itemized separately on Sched. B listing the payer twice, or should I add them together and list the payer once? Thanks. RGB << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
| Tags |
| 1099, added, payer, reporting |
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