Congratulations! You made it through a year of trading! Now, here comes the fun part–taxes! If you made a closing trade the prior year, then chances are you will receive a Consolidated 1099. The size of your 1099 will vary on how much you traded last year. To help you make sense of your Consolidated 1099, we created a Form Guide to help navigate your way through taxes. Are you wondering why you received a 1099? To learn more, please click here. Additionally, to our tax document calendar, then please visit our Tax Center.
Depending on your account activity your Consolidated 1099 may include the following:
- Form 1099-B: Totals Summary
- Form 1099-DIV: Dividends
- Form 1099-INT: Interest
- Form 1099-MISC: Miscellaneous Income
- Form 1099-OID: Original Issue Discount
- NMWHFIT Additional Income Details: An additional reporting requirement for some ETFs
If you traded any futures or options on futures then you will receive Form 1099-B Futures (Substitute 1099 Statement). You can access your futures tax form by logging in to your account at tastyworks and visiting our Tax Center.
You can view our form guide (PDF) below within this article. Or, you can find a link to download this PDF guide at the bottom of this article. We know taxes can be daunting, so we designed a guide that is easy to read and without any tax jargon. Chances are, you can find answers to most of your questions or concerns in this guide, but we're always here to help!
tastyworks, Inc. nor any of its employees or affiliates are licensed tax professionals, and do not provide tax or retirement advice. Please consult a tax or financial advisor about your specific retirement planning needs and questions.