Oh, goody. Corrected 1099s from Morgan Stanley

[Abby Normal]

[RitaB]

Hey, more tax return to do!  Ok by me.  No free lunches either.

[Roberts]

I received a stack of them on Monday morning from a different firm. Turned out every one of them was "corrected" but it didn't change a single one of my entries. Most either changed info about a separate K-1 or they re categorized a qualified dividend to a (wait for it) qualified dividend.

[Lion EA]

Oh, no.  I have a bunch of clients with MS.  In fact, out broker moved to MS during 2017.

[Abby Normal]

We usually hold broker statement clients to about now, but this guy was in FL and just got back to a stack of mail. But he's one of my longest, best clients and he absolutely loves me... and his wife just died.... so I didn't bill him for a redo.

[RitaB]

1 hour ago, Abby Normal said:

We usually hold broker statement clients to about now, but this guy was in FL and just got back to a stack of mail. But he's one of my longest, best clients and he absolutely loves me... and his wife just died.... so I didn't bill him for a redo.

Aaaaannnnnd, that's why you were awarded the first-ever Tax Stud Star!  And, yes, when they love us it goes a long way. 

[Catherine]

I have one elderly couple who get a corrected 1099 form (broker name escapes me) EVERY May.  So we put them on extension every year, and file the original after we get the corrections.  /sarc on   It's nice when they (brokerages) as SO reliable.  /sarc off

[Abby Normal]

I told him if he gets any more 1099s, just throw them away.