USA TODAY US Edition

You should have received investment forms by now

- Elisabeth Buchwald

Although the Internal Revenue Service began accepting tax returns in the last week of January, you’re in good company if you haven’t started working on yours. After all, the tax filing deadline of April 18 seems far away.

Besides procrastin­ation, one reason you might not have started is that you don’t have all the necessary tax forms. Now, however, you may have fewer excuses to delay because you should’ve received forms tied to investment­s.

Feb. 15 was the date that financial firms you may have used to buy or sell stocks and other tradable securities besides cryptocurr­encies were required to send you your completed 1099s.

Who needs to fill out a 1099?

There are many types of 1099 forms. But when it comes to investing in stocks, the main ones you should know about are the 1099-B and 1099-DIV.

The 1099-B documents the proceeds from sales of stocks or similar commoditie­s, regardless of whether you sold them at a loss or gain. This form is used as the basis for Schedule D, the form you’ll fill out to calculate the capital gains taxes you may owe.

The 1099-DIV documents any dividends you received from owning dividend-paying assets, or if an investment you own gives you a portion of its earnings. If your 1099-DIV indicated that you received more than $1,500 in interest or dividends, you may also be required to fill out a supplement­al form known as Schedule B.

Where are my Robinhood forms?

If, for instance, you trade with Robinhood, you should’ve received an email with instructio­ns on how to download your tax forms, according to informatio­n on Robinhood’s site. But if you can’t find the email you can also log into your account, click account then menu or setting followed by tax center. There you should be able to download the tax documents you need.

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