Vanguard, 1099-DIV

[SunTaxMan]

I have a Vanguard, 1099-DIV with nine different funds listed with dividends for each.

Of those nine funds/dividends listed, there are 8 different "Payer's" FEIN.

All entries have the same "Recipient Account number."

Thinking about IRS requirements to list "each transaction" - do I need to list each FEIN on return, or can I get away with one total?

Thanks,

[Catherine]

I have a Vanguard, 1099-DIV with nine different funds listed with dividends for each.

Of those nine funds/dividends listed, there are 8 different "Payer's" FEIN.

All entries have the same "Recipient Account number."

Thinking about IRS requirements to list "each transaction" - do I need to list each FEIN on return, or can I get away with one total?

Thanks,

I always put them in individually because of the different FEIN's.

[JRS]

I do it too, for the same reason.

[SunTaxMan]

After posting the question, I took time to look at last year's returns and back up info. Same lengthy list of funds, each with dividends - each with a different FEIN.

I showed a single entry for Vanguard dividends on Schedule B and did not provide copy of detail with return.

I have been doing this taxpayer's returns for about 30 years. I never noticed the varying FEINs before - and never had a question from IRS.

However, in light of increasing "sensitivity" from IRS, it would seem worth the effort to list them individually - for several reasons:

-- Even though Schedule B does not have provision for listing dividends by FEIN, just "Name of Payer" - the Vanugard 1099 does NOT show a summary total of dividend dollars listed - therefore, there would not be a single line total on the 1099-DIV to compare with a single line entry on the tax return - no "matching" figures.

-- I can attach a copy of the dividend "Detail" - and hopefully, by providing the informaton with the return, avoid (even) the potential of a letter of inquiry from IRS - letters that upset the taxpayer, whether justifiable/explainable or not.