Client received a combined 1099-DIV, 1099-INT, and 1099-B on their SEP IRA account - all stock is in the SEP IRA - they are still just contributing to it and nothing has been withdrawn.
#1 - why did they even receive the 1099's? they are not large amounts but I thought it was not taxed until withdrawn - 1099-DIV Line 1a 907.84; Line 1b 520.89; Line2a 278.73
1099-B Box D Total 1985.89
#2 - If they are not taxable -
**Does the Wealth Management need to file corrected 1099's to show zero?
++Or how do you enter these amounts and where - so you do not get a letter of not reporting from the IRS or they show as taxable?