Date: Fri, 10 Feb 2006 12:12:40 -0600
From: "Elle"
Newsgroups: misc.invest.financial-plan
Subject: Completing 1040 Sch. B; Record Keeping
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How do people complete the ordinary dividends section of 1040 Sch. B?
The IRS says one may simply use what one's brokerage houses' 1099-Div forms
say (which is a grand total, not broken down, for purposes of recording on
Sch. B; very easy, though one should check the numbers). Or I gather one may
record each stock's particular, applicable dividend for the year on the Sch.
B.
In the past I've done it the second way. It's more work every year. On the
other hand, since I save copies of my tax forms for ever, and have at times
certainly looked back at them for information, I get the feeling I may one
day want a nice summary and so should do the extra work.
Obviously this is subjective. I'm just interested in what people have found
works best.
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