FAQs  >  Topic: Taxes
Question:

Will I receive a Form 1099 for my account?


Answer:

1099s are only generated for accounts with greater than $10.00 in dividend and/or interest income or qualified trading transactions; options trades are not reported on Form 1099.

*Options transactions are not reported on Form 1099-B.  This information can be located in the Maxit Tax Calculator, the Activity section of your account,  or your monthly statements.


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