Q - What tax forms does Alpaca provide?
A consolidated 1099 tax form will be created for any individual with reportable activity and contains forms 1099-B, 1099-DIV, 1099-INT and 1099-MISC.
Q - Who receives a Consolidated 1099?
All individuals receive a Consolidated 1099 if they are United States citizens or legal residents and have had reportable tax activity. In some cases, exempt recipients will receive a Consolidated 1099 due to being charged backup withholding that must be reported to the customer and the IRS.
Q - When will my tax form be available?
2019 tax reporting documents will be available mid-February 2020
Q - Where can I get my tax form?
Tax reporting documents will be available in the Alpaca Dashboard > Login > Live Trading > Account
Q - How can I correct my cost basis that is reported on my 1099:
If the cost basis information that is reported on your Form 1099-B is incorrect, you can report a correction to the IRS using Form 8949.
Q - Why didn’t I receive a tax document?
You won’t receive a tax document if the proceeds from your dividends did not exceed $10 during the tax year, or if you didn’t sell any securities.