How to access tax documents
How to correct wrong information on tax statements
What is Tax Form 1099
Who will receive a 1099
When will 1099s be available online
Tax Form 1099-DIV
Tax Form 1099-INT
Tax Form 1099-B
Tax Form 1099-MISC
How to download the 1099 into TurboTax
What is Tax Form 1042S
Who will receive a 1042S
When will 1042S Tax Forms be available online
Key Terms for Tax Form 1042-S
Cost basis accounting
Common Tax FAQs
How to Identify Corrected Statements
Real Time Cost Basis (Diluted and Average Cost) vs US Tax Reporting Cost Basis
FATCA Withholding Help center article
Form 1099-DIV is used to report dividends and other distributions paid to clients and to the IRS.
Ordinary dividends means the payment is not qualified for a lower tax rate and gets taxed at an ordinary income tax rate
Qualified dividends means the payment qualifies for a lower dividend tax rate
○ A dividend is considered qualified if the stock is held for more than 60 days in the 121-day period, that begins 60 days before the ex-dividend date (one market day before the dividend's record date). It is an ordinary dividend if held it for less than that amount of time.
are payments (usually paid at year end) made by an exchange-traded fund (ETF) on a portion of the proceeds from the fund's sales of stocks and other assets from within its portfolio.
Dividends distributions are a share of corporate profits paid out to shareholders and are usually taxable
Non-Dividend distributions are a portion of a distribution to shareholders and is a nontaxable return of capital
Cash liquidation distributions are a type of non-dividend distribution paid in cash by a corporation or a partnership to its shareholders during its partial or complete liquidation.
Non-Cash Liquidation Distributions are assets (other than cash) that the taxpayer received when the entity they invested in was partially or completely liquidated.
Disclaimer: We do not provide tax advice and any tax-related information provided is general in nature and should not be considered tax advice. Consult a tax professional regarding your specific tax situation.