1099 b vs 1099 div | BTCC Knowledge

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The 1099B Tax Form is used by brokers to report the sale or exchange of securities to the IRS. It includes details like proceeds, cost basis, and gain/loss. For dividend income, Form 1099DIV is used, while Form 1099COMP reports compensation income. Taxpayers must report these forms on their tax returns, including exempt interest dividends. Understanding these forms is crucial for accurate tax filing.

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