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Reporting Investment Income from Stocks

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Reporting Investment Income from Stocks

Course Description:

The consolidated 1099 statement our clients receive from their brokers ranges from the simple to the painfully complex. The best way to deal with a consolidated 1099 is to break it down into pieces! This webinar covers the 1099-B, the 1099-DIV, and the 1099-MISC.

The most commonly reported transactions for clients with stocks are income from dividends and sales of securities. This webinar will review the ins and outs of reporting dividends, (including dividends that qualify for the 199A deduction), nondividend distributions, distributions in lieu, capital gain distributions, and sales of securities.

Objectives

Objective 1: Describe the components of a consolidated 1099 statement, including the 1099-B, 1099-DIV, and 1099-MISC forms, highlighting both the simple and complex aspects.

Objective 2: Explain the key elements of reporting income from dividends, with a focus on dividends that qualify for the 199A deduction, ensuring participants understand the nuances of this deduction.

Objective 3: Outline the reporting requirements for nondividend distributions and distributions in lieu, providing participants with a comprehensive understanding of these types of income.

NASBA CE: 2.0 Hours Federal Tax Law
IRS:  2.0 Hours Federal Tax Law
CTEC CE: 2.0 Hours Federal Tax Law
ACAT CE: 2.0 Hours Federal Tax Law

NSA Webinar Program Level: Basic
Prerequisites: None   
Advance Preparation: None   
Delivery Method: Group-Internet Based

No refunds or exchanges for cancellations. For more information regarding refund, complaint and/or program cancellation policies, please contact NSA toll-free at 800-966-6679.

NSA is approved by NASBA, the IRS, ACAT, and CTEC as a provider of continuing professional education.

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Amy M. Wall, EA, MBA

Amy M. Wall, EA, MBA, is recently retired from her private tax practice in Tucson, Arizona, where she worked with individuals, small businesses and S Corporations. Amy now spends her time teaching and writing on taxation. She teaches for several continuing education providers and has been published in a number of tax journals, including NATP’s Tax Pro Journal and Wolters Kluwer Journal of Tax Practice & Procedure. She is the author of Virtual Tax: the taxation of Cryptocurrency; Income Taxes for Real Estate Agents; Divorce and Taxes, and The Parish, a work of fiction about a tax preparer whose nighttime clients aren’t quite what they seem. 

Components visible upon registration.

NSA is approved by NASBA, the IRS, ACAT, and CTEC as a provider of continuing professional education.

The National Society of Accountants is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: https://www.nasbaregistry.org/.

NSA has been approved by the California Tax Education Council to offer the above courses to go towards the annual "continuing education" requirement imposed by the state of California. A listing of additional requirements to register as a tax preparer may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA, 95812-2890, by phone at (877) 850-2832, or on the Internet at www.ctec.com.