The TD Ameritrade 1099 Information Guide can escort investors safely through the numbers and notations of your Consolidated Form 1099.
Do the letters OID mean anything to you? How about DIV, INT, or MISC? If your answer was "I've seen those letters on a tax form," congratulations. These are among the designations assigned to 1099s you might see as part of a Consolidated Form 1099.
Confused? A little overwhelmed, maybe? That's understandable; tax forms can be overwhelming for many people. But have no fear: the TD Ameritrade 1099 Information Guide can help. Our professionals have designed it to help escort you through the numbers and notations of your Consolidated Form 1099.
The Consolidated Form 1099 combines five separate 1099 forms into one. It covers reportable income and transactions for the tax year, from interest income to investment expenses, royalties to REMIC. But all that information packed into one document can be a little intimidating.
That’s where the guide comes in. We created it to help you streamline your tax preparation and clarify some elements of the consolidated 1099 tax form that may be confusing. It breaks the form into individual sections, offering clear graphics and an easy-to-understand look at what each section contains—and just what those complicated references mean.
Your consolidated 1099 will contain all reportable income and transactions for the year. Depending on your account activity, yours may include any or all of the following:
We looked at common questions clients have had about the consolidated 1099 and used them to develop the guide. Images from the 1099 illustrate specific examples, including details to explain many different scenarios.
Reporting requirements for brokerages. The information that brokers like TD Ameritrade have to report to the Internal Revenue Service (IRS) can differ from the reporting requirements of individual investors. The guide shows you what items and information brokerage firms need to report, to help you understand the numbers reflected on your 1099 form.
Changes. The guide highlights differences from last year’s Consolidated Form 1099, as well as new sections that have been added to the form. A special “What’s new” heading on the front page calls attention to the most significant updates.
Questions? We’ve got answers. You’ll find an FAQ in the guide, plus an interactive table of contents that offers fast navigation. Find the 1099 Information Guide in the TD Ameritrade Tax Center, along with other tax-related information, resources, and forms. Log in to your account and go to My Account > Tax Center.
for thinkMoney ®
Financial Communications Society 2016
for Ticker Tape
Content Marketing Awards 2016
Content intended for educational/informational purposes only. Not investment advice, or a recommendation of any security, strategy, or account type.
Be sure to understand all risks involved with each strategy, including commission costs, before attempting to place any trade. Clients must consider all relevant risk factors, including their own personal financial situations, before trading.
TD Ameritrade does not provide tax advice. We suggest you consult with a tax-planning professional with regard to your personal circumstances.
Market volatility, volume, and system availability may delay account access and trade executions.
Past performance of a security or strategy does not guarantee future results or success.
Options are not suitable for all investors as the special risks inherent to options trading may expose investors to potentially rapid and substantial losses. Options trading subject to TD Ameritrade review and approval. Please read Characteristics and Risks of Standardized Options before investing in options.
Supporting documentation for any claims, comparisons, statistics, or other technical data will be supplied upon request.
This is not an offer or solicitation in any jurisdiction where we are not authorized to do business or where such offer or solicitation would be contrary to the local laws and regulations of that jurisdiction, including, but not limited to persons residing in Australia, Canada, Hong Kong, Japan, Saudi Arabia, Singapore, UK, and the countries of the European Union.
TD Ameritrade, Inc., member FINRA/SIPC, and a subsidiary of TD Ameritrade Holding Corporation. TD Ameritrade Holding Corporation is a wholly owned subsidiary of the Charles Schwab Corporation. TD Ameritrade is a trademark jointly owned by TD Ameritrade IP Company, Inc. and The Toronto-Dominion Bank. © 2020 Charles Schwab & Co., Inc. Member SIPC.