Last year I had some money at Morgan Stanley that I took out in February. This past week I did taxes and had not received a 1099 from them. I went on-line and there was no tax information with my account. Since they are supposed to have this done by January 31 I assumed I wasn't getting anything. Did my taxes and sent them in. Today I get an email that my tax information is now available (9 days late). There is a little interest income and a loss and it is pretty much not going to have much effect on my return. Do I go to all the trouble of doing an amended return? If I just left it out, am I setting myself up for a lot of trouble?
4. Just pick up the income and loss items on your return next year.
If the items are as small as you say and the bottom line effect on your tax return will be minor, then don't bother with amending the return. If the change is that minor, the IRS isn't going to bother you to collect a few dollars from you. You can just add the income and loss items to your 2008 return and you'll be fine.
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