Quote:
Originally Posted by rbmrtn
Doesn't make sense. You don't get a 1099 for cash deposits. If you got a 1099 it's going to show who paid it and what it was for.
I guess I could see someone having sent in a deposit and gotten put in the wrong account, but even that is done electronically, with account numbers scanned from deposit slips. Also hard to believe if another party made the mistake they have not come looking for it.
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Sorry if this wasn't clear - it showed up as a deposit to the account and the 1099 was for the interest accrued from the money being held in cash.
I actually don't use deposit slips for deposits to my brokerage account. I just don't have any so I print out a letter with my name and account number asking to deposit the check into my account. No deposit slip to scan so human error could occur. ...hmmm, maybe I'll get some deposit slips for myself
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