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How to Read Your Brokerage 1099 Form

A 1099 is a tax form issued by your brokerage firm to help you report your taxable investment income when filing your taxes with the IRS. Any regular brokerage account is subject to tax reporting, especially if you make a profit. Watch to learn the types of brokerage accounts that typically generate a 1099, some of the most important sections of this tax document, when and how you'll receive it, and how you can find more resources related to Schwab's 1099 Composite tax form and Year-End Summary. This information is not intended to be a substitute for specific individualized tax, legal, or investment planning advice. Where specific advice is necessary or appropriate, you should consult with a qualified tax advisor, CPA, Financial Planner, or Investment Manager. Subscribe to our channel: https://bit.ly/SubscribeCharlesSchwab Check out more Insights & Education from Charles Schwab: https://www.schwab.com/learn/ Connect with Charles Schwab: Facebook:   / charlesschwab   Twitter:   / charlesschwab   Open an account with Charles Schwab: https://www.schwab.com/open-an-account (0123-2KC7)