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InvestHub.com's
Finance Dictionary and Glossary of Investment Terms

1099  

Definition 1.

The IRS form for the annual reporting of dividend and interest payments made to investors. Companies, mutual funds, banks and other financial institutions report an investor's dividend and interest directly to the IRS with this form.
 

Definition 2.

A statement sent to the IRS and taxpayers by the payers of dividends and interest and by issuers of taxable original issue discount securities.
 
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