Form 1099-CAP

What Is Form 1099-CAP?

The IRS Form 1099-CAP is a document released by the Internal Revenue Service to indicate the income shareholders receive via the corporation. The form consists of 5 fillable pages. Each page includes duplicated fields for each party that need to be filled out identically.

What Do I Need Form 1099-CAP For?

You have to use a fillable Form 1099-CAP to:

• fill out your income;
• mention all the shareholders;
• specify the no. of exchanged shares;
• mention the exchange/sale dates.

You need to fill out this document in case you received a certain income in exchange for the stock of the corporation. A 1099-CAP form is printable, and you can download it for free on our website.

How to Fill Out Form 1099-CAP?

To properly fill out all the fields in the blank, use the instructions below:

1. Start by putting down the name of the corporation, its address, state, and ZIP code.
2. Specify the date of the exchange in the second column of the first row, as well as shareholder’s and corporation’s TINs.
3. Indicate the number of shares in the required field of the third column. 
4. In the same row, mention the classes of stocks exchanged.
5. Specify the name of the shareholder, street address, zip code, city, or town in the next field.

You have to fill out three copies:

• Copy A is for the Internal Revenue Service;
• Copy B is for the Shareholder;
• Copy C is sent to the Corporation.

The written data in all the copies should be identical. You can fill out the Fillable Form 1099-CAP as a PDF online.

Organizations That Work with Form 1099-CAP

Internal Revenue Service