3 Corrected 1099-DIVs for a tax free account were sent to me....do I have have to file an amendment?
My tax free income fund sent me 4 1099-divs this year: one for this year, and 3 others: for 2021, 2022, & 2023. The document accompanying them said that due to their error in calculations it may be needed to file an amendment, and to talk to my tax advisor…. which in this case is myself/this community. Given that it is a tax free fund, and that no money has been withdrawn from it in any of the years (all dividends were re-invested), do I really need to file 3 amendments?? The corrected 1099-divs have been sent to the IRS and the current one should be up-to date and correct, since the dividends were re-invested it should not change anything about my AGI or taxes owed ASFAIK. Please help! I have had 3 CPAs over this timeframe and re-doing and amending all 3 past years is going to be a nightmare: if I don't have to I'd be eternally grateful.
Answers
-
Reinvesting dividends does not make them non-taxable.
0 -
And if the fund is a 'California Tax-Free Income Fund', as I said in the first sentence? Are you saying that the dividends from a tax-free fund are taxable?
0