Broker Check

Learn How to Avoid These 6 Common Tax Errors

Knowing how you need to file your taxes depends on your income and filing status, as well as which deductions and credits you can claim. In this free ebook, we share some common errors to avoid.

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Will I get a tax form 1099?

Will I get a tax form 1099?

February 17, 2023

Clients can expect a tax form 1099, of various kinds, if (this is not an exhaustive list):

  • You took a distribution from an employer retirement plan, such as a 401(k) or 403(b)
    • Including a rollover to an IRA, which isn’t considered a taxable event;
    • You took a distribution from an IRA or a variable annuity;
      • Including RMDs
    • You have taxable, non-qualified investments that have paid out capital gains or dividends;
    • You received other miscellaneous income, such as rents, prizes, or awards;
    • You received nonemployee compensation, such as from consulting or a small business.