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Tax Forms

1099s and how CREB interest is taxed

1099s

Will I receive a 1099?

[CONFIRM] Yes. If you earn $10 or more in interest in a cash account during the year, you'll receive Form 1099-INT reporting that interest. IRA investors receive tax forms from Equity Trust instead.

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When are tax forms available?

[CONFIRM] Tax forms for the prior year are available in your dashboard by January 31. We'll email you when they're ready.

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Where do I download my tax forms?

[CONFIRM] Log in to your dashboard and open documents or tax forms. You can download your 1099 as a PDF for each tax year.

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Tax treatment

How is CREB interest taxed?

In a cash account, CREB interest is generally taxed as ordinary income at your federal and state income tax rates. In an IRA, interest grows tax deferred or, in a Roth, tax free.

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Do I owe tax on interest I haven't withdrawn?

Generally, yes. Interest credited to a cash account is usually taxable in the year it's credited, even if you leave it invested to compound. Interest inside an IRA isn't taxed until distribution, or at all in a qualified Roth.

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