Are money market proceeds included in the 1099-DIV from the clearing firm?
If you received dividends from your investment in Reich and Tang Money Market Funds, these are shown in summary with the ordinary dividends on the 1099-DIV section of the Consolidated 1099 form. Keep in mind that if your account accrued less than $10 during the applicable tax year, the amount will not be reported.
Related Questions
- My firm acts as an introducing broker/dealer on a fully disclosed basis with multiple clearing firms. Can I qualify for the exclusion to OATS reporting under Rule 7410(n)?
- What are the reporting requirements for a clearing firm whose correspondent sends orders directly to other broker/dealers outside the clearing firm?
- What are the times that must be reported to OATS when a correspondent receives an order and sends that order to a clearing firm?