FAQ: Why We Send 1099 Forms if You Have Claimed Property
Many people who claimed property in 2011 will start receiving 1099 forms in the mail for their taxes.
We are required by the Federal Government to report certain types of payments to the Internal Revenue Service (IRS).
If your payment included interest paid to you, you will receive an IRS 1099INTform.
If you received cash from the proceeds of the sale of stock or mutual funds, you will receive an IRS 1099-B form.
If your payment included any accrued cash dividends on securities, you will receive an IRS 1099-DIV form.