Your 1099 Consolidated form reports taxable investment activity.
What's included
1099-DIV (Dividends)
- Ordinary dividends
- Qualified dividends (may qualify for lower tax rate)
- Capital gain distributions
- Foreign tax paid
1099-INT (Interest)
- Interest earned on cash balances
- Interest from bonds or CDs
1099-B (Sales)
- Proceeds from sales
- Cost basis
- Gain or loss
- Holding period (short-term or long-term)
1099-MISC
- Other income (referral bonuses, promotions)
Key boxes explained
Form 1099-DIV:
- Box 1a: Total ordinary dividends
- Box 1b: Qualified dividends
- Box 2a: Capital gain distributions
Form 1099-B:
- Box 1d: Proceeds (sale amount)
- Box 1e: Cost basis
- Box 1g: Adjustments (wash sales)
Short-term vs. long-term
- Short-term: Held 1 year or less, taxed as ordinary income
- Long-term: Held more than 1 year, taxed at capital gains rates