wether...Other investments can cause delays in filing and or having to file an amendment. For years we have had to wait to file till the 14th or 15th of April to make sure we are using the latest 1099 from our broker, Bk of Am Inv Ser. We don't own MTR or it's equivalent, but, do have 15 CEFs and ETFs. The problem stems from accountants not knowing how to properly determine what is dividends, cap gains,etc. Our broker blames the Nat'l Financial Co that makes out 1099s. It is a yearly fiasco. We all have problems, it seems. retiredafe8
I think he is referring to the accountants for the brokerage firms. Last year one of my brokerage accounts issued two corrections to their 1099's. Another one issued three corrections with the last one coming in August. It usually has to do with classification of the income as royalties vs. qualified dividends and/or grossing up the royalties for things like severance taxes, administration expenses etc. In some past years, they never got it right.