Profits from the sale of stock are capital gains, and as such they may be taxable. Brokers who handle stock sales on your behalf must report them to the Internal Revenue Service using IRS Form 1099-B.
Rajeev Dhir is a writer with 10+ years of experience as a journalist with a background in broadcast, print, and digital newsrooms. IRS Form 6252: Installment Sale Income, reports income from property ...
Form 1099-K is used to report payments received for goods or services processed through payment apps, online marketplaces, and credit cards. The IRS has issued FAQs to explain when you might get one.
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