Why are 1099-B and 1099-DIV issued?

on April 27, 2015

in Personal Finance

1099-B vs 1099-DIV

1099-B and 1099-DIV is issued by a brokerage which are required to report your stock sales and receipt of dividends to the IRS.

1099-B

You will receive a 1099-B showing the proceeds for any sales in a given year.

You will receive a 1099-DIV for any dividend payments you receive in a given year.