1099 tax forms and importing them into TurboTax

Your 1099 tax form

If your account has had a taxable event, you'll receive a consolidated 1099 tax form that includes one or more of the following sections:

1099-B

All full-share sales are reported on Form 1099-B, regardless of amount. Fractional share sales under $20.00 may be exempt from reporting under the de minimis rule.

1099-DIV

• Distributions such as dividends, capital gain distributions, or nontaxable distributions paid on stock, and liquidation distributions.
• Only amounts of $10.00 or more for distributions paid on stock, or $600 or more for liquidations, are required to be reported on the form.

1099-INT

• All interest income not already reported on other forms is reported here.
• Amounts of $10.00 or more are reported in boxes 1, 3, and 8.

1099-MISC

Reports at least $10.00 in royalty payments or broker payments in lieu of dividends, or at least $2,000 in miscellaneous income.

When you'll receive your tax forms

Tax forms are made available by February 15th of the year following the tax reporting year (if that date falls on a non-business day, forms are available the next business day). You'll receive an email notification from taxnotification@apexfintechdocuments.com when your tax forms are ready. You'll be able to download them from your Frec Account settings.

Uploading your Frec Securities 1099 to TurboTax

1. In TurboTax, go to Wages & Income, then select Stocks, Mutual Funds, Bonds, Other.
2. When asked "Did you sell stocks, mutual funds, bonds, cryptocurrency, or other investments in 202X?" select Yes.
3. Type "Apex" in the search bar when asked to enter your bank name, then choose Apex Clearing Corp.
4. Enter your login credentials:
• User ID: Your Frec account number (format similar to 3FR12345).
• Password: Your Social Security number.
5. Select Import to bring in your 1099-B.

This import is limited to 10,000 transactions.