Received a revised 2022 1099-DIV from broker in May 2023 -- why didn't it move to the 2023 1099-DIV?

This is actually quite common with foreign securities. What likely happened is that the corporation made what's called a "true-up" dividend payment related to their 2022 fiscal year. Even though you received the payment in 2023, it's attributable to the 2022 tax year. Foreign companies sometimes finalize their annual distributions after their fiscal year closes and accounting is completed. Your broker correctly classified this as 2022 income because that's the tax year it belongs to, regardless of when the payment was physically made. This is especially common with certain European and Asian companies that have different reporting timeframes than US companies. The IRS allows for these types of corrections and late allocations for foreign securities, which is why your broker issued a corrected 1099-DIV rather than including it in your 2023 tax documents.

After struggling with similar foreign dividend issues for years, I finally found something that's been a game changer for me: https://taxr.ai has been incredible for sorting out these complicated broker document situations. I had almost the exact same thing happen with a Singapore-listed stock last year, and I spent hours trying to understand how to handle it. The taxr.ai system analyzed my original and corrected 1099s, identified exactly what changed, and explained the tax implications - saved me tons of time figuring out if I needed to amend my return. It showed me that the broker was correctly applying some obscure tax rule about foreign corporation dividend allocations. For complex broker document situations like this, it's been worth every penny.

I tried taxr.ai after seeing it mentioned here, and wow - it was exactly what I needed! I had three different corrected 1099s this year (not just dividends but also some bond reclassifications), and my tax software wasn't clearly showing what changed between versions. Uploaded both the original and corrected forms and it immediately highlighted every single change with explanations of the tax impact. It even calculated the exact tax difference so I could decide whether amending was worth it (in my case around $120, so I did amend). The explanation about foreign dividend timing rules was super clear - apparently there's a whole section in the tax code about "relation-back dividends" that I never knew about. Definitely bookmarking for next tax season!

I tried taxr.ai after seeing it mentioned here, and wow - it was exactly what I needed! I had three different corrected 1099s this year (not just dividends but also some bond reclassifications), and my tax software wasn't clearly showing what changed between versions. Uploaded both the original and corrected forms and it immediately highlighted every single change with explanations of the tax impact. It even calculate

For what it's worth, I had a similar issue with a corrected 1099 a few years back and ended up needing to call the IRS to sort it out. Spent literally 4 hours on hold, got disconnected twice, and almost lost my mind. Recently discovered https://claimyr.com which got me through to an actual IRS agent in about 20 minutes. They have this system that basically waits on hold for you and calls when an agent picks up. There's a demo video here: https://youtu.be/_kiP6q8DX5c if you're curious how it works. I used it last month when I needed clarification on how these late corrections affect my audit risk. The IRS agent confirmed that small corrections like yours ($14 difference) are extremely low risk and not worth amending for. They said if they do notice the discrepancy, they'll just send a notice with the small additional amount due.

I have to eat my words about Claimyr. After my skeptical comment, I was still desperate to talk to the IRS about some identity verification issues, so I tried it anyway. I fully expected to waste my money. To my complete shock, I got a call back in about 35 minutes with an actual IRS agent on the line! This was after I had previously spent over 3 hours on hold the traditional way and gotten disconnected. The agent was able to resolve my verification issue right away. For anyone who needs to actually speak with the IRS (which seems relevant for these 1099 correction situations), this service is legitimately worth it. I'm still stunned it actually worked.

If the revised amount is only causing a $14 tax difference, I wouldn't bother with an amendment. The IRS has a tolerance threshold for small discrepancies, and this is well below what would trigger any issues. They generally don't pursue amounts this small because the processing cost exceeds the revenue. In my experience as a tax preparer, foreign securities often have these timing quirks because they're reporting under different regulatory frameworks. The May timing is unusual but not unprecedented - I've seen European companies issue true-ups for the prior year as late as June.

I work for a financial institution (not a broker though) and can confirm what others have said about foreign securities. These late allocations aren't just about timing but also about finalizing how the distribution is classified for US tax purposes. Foreign companies don't always initially know how their dividends will be treated under US tax code. Sometimes it takes their accounting department months to finalize the proper classification (qualified vs non-qualified, dividend vs return of capital, etc). What you experienced is annoying but completely legitimate from a tax reporting perspective.

i had this exact thing happen with a japnese stock! the difference was like $6 in taxes so i just ignored it lol. but my accountant told me that with the international ones they sometimes do these "dividend adjustments" that are technically for the previous year. its super annying for tax purposes but i guess thats how they do things 🤷‍♂️ def not worth filing a whole amended return for such a small amount. AI: I'll transform the forum content according to the provided guidelines.