Understanding Form 1099

If you receive certain types of income outside of a regular paycheck—such as interest, dividends, investment proceeds, freelance or contract income, or other reportable payments—you may receive a Form 1099.

There are many types of Forms 1099, each used for a different kind of income or transaction. For example, Form 1099-INT reports interest income, Form 1099-DIV reports dividends and other distributions, and Form 1099-S reports proceeds from certain real estate transactions.

In many cases, payers must provide Form 1099 to recipients by January 31 of the year after the income was paid. If you're expecting a Form 1099 and haven't received it, contact the business, financial institution, or other payer first to request a copy or correction. If you still haven't received the missing or corrected form by the end of February, you may call the IRS at 800-829-1040 for assistance.

0826-V0M6

Investment and Insurance Products Are: Not FDIC Insured • Not Insured by Any Federal Government Agency • Not a Deposit or Other Obligation of, or Guaranteed by, the Bank or any of its Affiliates • Subject to Investment Risks, Including Possible Loss of Principal Amount Invested