Here's one possibility. File for a tax extension, wait until June or thereafter to pull your tax transcript (or whenever you are sure the IRS has definitely gotten everything). And then look at the tax transcript to make sure it tallies with what you're reporting.
Something like this happened to me many years back and the tax transcript did not match up with the 1099s my broker sent me. I think they did some error mitigation on the back end. The final numbers were correct, both for my broker, and also for the IRS tax transcript, but they did not show the same number of 1099s and one of the 1099s the IRS showed on the transcript seemed to be a mix of two 1099s the broker issued.
If your tax transcript is accurate, and it will show which is corrected and what is not corrected, you should be clear.
Something like this happened to me many years back and the tax transcript did not match up with the 1099s my broker sent me. I think they did some error mitigation on the back end. The final numbers were correct, both for my broker, and also for the IRS tax transcript, but they did not show the same number of 1099s and one of the 1099s the IRS showed on the transcript seemed to be a mix of two 1099s the broker issued.
If your tax transcript is accurate, and it will show which is corrected and what is not corrected, you should be clear.
Statistics: Posted by Caduceus — Fri Feb 21, 2025 12:30 am — Replies 10 — Views 457