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Why are 1099-B and 1099-DIV issued?

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.

1099-DIV

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

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