Learn about the form types Sovos Tax Information Reporting supports.

1099 forms

1099-B (Proceeds from Broker and Barter Exchange Transactions)

Reports sales of stocks, bonds, mutual funds, and other securities through a broker.

1099-DA (Digital Asset Proceeds from Broker Transactions)

Reports cryptocurrency and non-fungible token (NFT) sales. This is a new form effective 2025 that separates digital asset reporting from traditional securities reported on the 1099-B form.

1099-DIV (Dividends and Distributions)

Reports dividends and distributions of $10 or more paid on stocks and mutual funds, including ordinary dividends, qualified dividends, capital gain distributions, and non-taxable distributions.

1099-INT (Interest Income)

Reports interest income of $10 or more paid by banks, brokerages, and other financial institutions. Includes interest from savings accounts, CDs, bonds, and other interest-bearing accounts.

1099-K (Payment Card and Third Party Network Transactions)

Reports business payments received through credit cards, debit cards, or payment apps like PayPal or Venmo.

1099-MISC (Miscellaneous Information)

Reports rents, royalties, prizes, medical payments, crop insurance proceeds, and other miscellaneous income of $600 or more. Since 2020, nonemployee compensation is reported on the 1099-NEC form instead.

1099-NEC (Nonemployee Compensation)

Reports payments of $600 or more to independent contractors, freelancers, and other nonemployees.

1099-R (Distributions From Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs, Insurance Contracts, etc.)

Reports distributions from retirement accounts including 401(k)s, IRAs, pensions, and annuities.

1099-S (Proceeds from Real Estate Transactions)

Reports proceeds from real estate sales, typically issued by the closing agent or title company.

Other forms

1042-S (Foreign Person's U.S. Source Income Subject to Withholding)

Reports income paid to non-U.S. residents from U.S. income sources, such as scholarships, royalties, or other income.

1098 (Mortgage Interest Statement)

Reports mortgage interest of $600 or more paid by borrowers. This interest may be tax-deductible.

3921 (Exercise of an Incentive Stock Option Under Section 422(b))

Reports when an employee exercises an employer-issued incentive stock option (ISO).

3922 (Transfer of Stock Acquired Through an Employee Stock Purchase Plan Under Section 423(c))

Reports stock acquired through an employee stock purchase plan (ESPP), providing information needed to calculate gain or loss when the stock is sold.

W-2 (Wage and Tax Statement)

Reports annual employee wages, federal and state tax withholding, and Social Security and Medicare taxes.

W-2C (Corrected Wage and Tax Statement)

Corrects errors on a previously filed W-2 form, such as incorrect wage amounts, withholding, or other information.

W-2G (Certain Gambling Winnings)

Reports gambling winnings above certain thresholds (varies by gambling type) from casinos, racetracks, lotteries, and other gambling establishments, including any tax withholding.