*Loan,banking and credit>>>income tax

State income taxes, Form 1099-div and 1099-b??

I filed my 2005 taxes with Turbotax (NEVER AGAIN!!) and received a letter last week from Missouri that they had never been filed... I thought Turbotax had taken care of that, but anyway, now I have to go back and file my taxes. I have a form 1099-DIV Dividends and Distributions and 1099-B Proceeds from Broker & Barter Exchange Transactions that I received from an account that I closed. I had to report this for my federal taxes, but do I have to on my Missouri taxes? And if so, where is that place on the form 1040?

After finding out if your returns were originally filed, you should file or amend your state and Fed returns to pick up the missing income. Otherwise you will receive a notice (maybe in a year or two) that includes additional penalties and interest.

I'm not familiar with Missouri, but after looking at the state individual tax form, it looks like a piggyback state. Your adjusted gross income from your fed return flows through the state return and is taxed at the state rate, after some adjustments- none of which excludes your investment income.

Regarding the fed return:
Ordinary dividends from a 1099-Div will go on schedule B of your 1040 return- check to make sure this is no a nontaxable distribution though. Sometimes you may receive a 1099-Div for payments that reduce your basis in your investment but are not immediately taxable.

Proceeds from a 1099-B go on schedule D of your return. The 1099-B does not include your taxable gain/loss info though. Hopefully your investment statements will provide the necessary detail to determine if this is a short term or long term activity and what your basis in the investment was. Source(s): http://www.dor.mo.gov/tax/personal/...

sOUNDS LIKE SOMETHING FELL THROUGH THE CRACKS. (sorry about the caps.)

Did you make copies of your tax return.

Sounds like it would be a 1099-div.