Why would your broker have you filed a 1099?

Answer Gains from a sale, or interest earned on a deposit are income, and must be reported.

Top Q&A For: Why would your broker have you filed a 1099

Do i have to file a 1099 c if i filed bankruptcy?

Creditors are required to file Form 1099-C to report canceled debts and taxpayers must report these debts as income. However, taxpayers that have had their debts canceled through bankruptcy can fil... Read More »

Where is the ein on a ssa-1099?

Form SSA-1099 is used to report Social Security benefits to recipients. Because Social Security benefits are paid directly to recipients from the Social Security Administration, there is no EIN, or... Read More »

What Is a 1099 For?

The 1099 form is called an informational return. It is used to report earnings and transactions to the IRS that fall outside of the normal wages and salary reporting.FunctionA 1099 form is issued b... Read More »

When does a 1099 need to be sent out?

A 1099 form must be mailed out by an employer by January 31st of each year. If that date is over a weekend or holiday, the company or individual mailing the 1099 usually must mail the form out the ... Read More »