RunningBum
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Jun 18, 2007
- Messages
- 13,236
I'm probably not the only one who let Vanguard convert/move their mutual fund account to their brokerage account, so this is a heads up that Vanguard has separate tax forms for each account.
I pulled out the tax forms I have Vanguard mail me and started my taxes yesterday. I noticed that the numbers after importing my Vanguard tax statements were a lot higher than what I received in the mail. For the old mutual fund account I had earlier in the year, they mailed me a 1099-DIV, 1099-B, and Foreign Tax Paid. For the brokerage account, they haven't (yet) mailed me anything, but I see via the import and also looking at my account online, that they did a 1099 Consolidated statement that includes everything since the conversion, including year end distributions.
If I had chosen to enter the numbers manually from the mailed statements, I might have missed this. Perhaps the other statement is still to be mailed, or perhaps I misfiled it. I only got a start on taxes and haven't gone searching for everything tax related yet, such as donation receipts.
Just a heads up for others who did the brokerage conversion at Vanguard this year, especially if you don't import tax statements directly from Vanguard.
I pulled out the tax forms I have Vanguard mail me and started my taxes yesterday. I noticed that the numbers after importing my Vanguard tax statements were a lot higher than what I received in the mail. For the old mutual fund account I had earlier in the year, they mailed me a 1099-DIV, 1099-B, and Foreign Tax Paid. For the brokerage account, they haven't (yet) mailed me anything, but I see via the import and also looking at my account online, that they did a 1099 Consolidated statement that includes everything since the conversion, including year end distributions.
If I had chosen to enter the numbers manually from the mailed statements, I might have missed this. Perhaps the other statement is still to be mailed, or perhaps I misfiled it. I only got a start on taxes and haven't gone searching for everything tax related yet, such as donation receipts.
Just a heads up for others who did the brokerage conversion at Vanguard this year, especially if you don't import tax statements directly from Vanguard.