Originally Posted by cashflo2u2
I guess I'm out in left field doing that. Of course the 1099's will be equal to the receipts on the statement. I don't think the brokerage is crooked but mistakes are made.
Don't feel too bad about this. Sometimes you learn stuff.....
e.g. if you have any international funds, foreign tax taken out will be included in your taxable dividends but you will not receive that as an actual cash flow. I learned that only by comparing cash flows w/ 1099s.
Some CDs only pay interest every 6 mos. Hard to say if any are missed unless you track them and hard to say if you are getting the promised yield unless you monitor. You also learn that sometimes you get interest starting the day of deposit or sometimes not until a biz day later (which might be 3 days later if depositing on a Friday before 3 day wkend) by tracking "short" months.
Are you also obsessive about balancing your checkbook like me? The reality is that 99.9% of the mistakes are mine but
once in a period of > 40 yrs, I did actually find a bank mistake.
Don't think I've ever routinely checked and calculated fund distributions from stated xxxxx $/ share
customized for my # of shares tho........too much work.........so you win the prize for that one.