SPY dividend tax question

Joseph DeLaria on

My club uses fidelity, they just distributed our official 1099 (3/11). On it is a dividend payment from 1/30/26 for SPY. I called in to get this fixed but Fidelity claims we have to file this dividend with our 2025 taxes. This is the only thing that isn't matching for our club. Bivio is not counting that divided towards 2025 taxes, does anyone know how to work around this? Or should I just file with a 0.35 discrepancy and hope for the best? I appreciate any help yall can give.

ira smilovitz on

You need to enter the dividend with a 12/31/2025 date. If you want to maintain your cash balance correctly, you can deposit it into a Suspense account and then use a transfer transaction to move it to your broker account at the end of January. Note that the same situation would have occurred in January 2025 if you owned SPY at the end of 2024

Ira Smilovitz

On Wed, Mar 11, 2026 at 4:27 PM Joseph DeLaria via bivio.com <user*41860900001@bivio.com> wrote:

My club uses fidelity, they just distributed our official 1099 (3/11). On it is a dividend payment from 1/30/26 for SPY. I called in to get this fixed but Fidelity claims we have to file this dividend with our 2025 taxes. This is the only thing that isn't matching for our club. Bivio is not counting that divided towards 2025 taxes, does anyone know how to work around this? Or should I just file with a 0.35 discrepancy and hope for the best? I appreciate any help yall can give.

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