Re: updated 1099s after filing taxes
You might get a little letter noting that your 1099s and your returns dont match, and could you please explain why?
It doesnt appear that they care much if its a penny or a hundred thousand bucks different.
I got one a few years ago and the only difference was the description of the fund, as it had changed names during the year and the 1099 said one thing while my quicken fund name that went into turbotax and onto the schedule D was different... :P
If I was using turbotax, I'd update it and send it in. If I was using a $400 tax preparer that needed to fix it at a cost, I'd forget about it and cross my fingers...
Be fearful when others are greedy, and greedy when others are fearful. Just another form of "buy low, sell high" for those who have trouble with things. This rule is not universal. Do not buy a 1973 Pinto because everyone else is afraid of it.