A 1099 is a tax return provided by your brokerage company to help you report your taxable financial investment income when filing your taxes with the internal revenue service. Any routine brokerage account goes through tax reporting, especially if you earn a profit. See to learn the types of brokerage accounts that usually produce a 1099, a few of the most important areas of this tax document, when and how you'll receive it, and how you can find more resources connected to Schwab's 1099 Composite tax return and Year-End Summary.
This details is not meant to be a substitute for particular customized tax, legal, or investment preparation advice. Where particular guidance is necessary or appropriate, you need to speak with a certified tax consultant, CPA, Financial Organizer, or Financial Investment Manager.
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