● Tax Form 1099 contains information that is reported to the Internal Revenue Service (IRS) and is designed to assist with filing annual federal income tax returns.
● The tax activity being reported to the IRS on Form 1099 is separated into five sections:
1) 1099 DIV – Dividends and Distributions
2) 1099-B- Proceeds from Broker and Barter Exchange Transactions
3) 1099-INT – Interest Income
4) 1099-MISC - Miscellaneous Income*
5) 1099-OID – Original Issue Discount and Adjustments*
* 1099 MISC and OID are not currently supported at Moomoo Financial Inc. as these product types are not available.