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It’s not practical to list all of the forms the IRS has created, but let’s see if we can sort through some of the most popular ones and include links with more information to help you understand them better.
INVESTMENT AND BANKING FORMS
- 1098, Mortgage Interest Statement
- 1099-B, Proceeds From Broker and Barter Exchange Transactions
- 1099-DA, Digital Asset Proceeds from Broker Transactions (coming for Tax Year 2025)
- 1099-DIV, Dividends and Distributions
- 1099-INT, Interest Income
- 1099-OID, Original Issue Discount
- 1099-S, Proceeds from Real Estate Transactions
- 1099-PATR, Taxable Distributions Received From Cooperatives
SELF-EMPLOYMENT OR MISCELLANEOUS “OTHER” INCOME FORMS
- 1099-MISC, Miscellaneous Income
- 1099-NEC, Nonemployee Compensation
- 1099-K, Merchant Card and Third Party Network Payments
- 1099-G, Certain Government Payments (includes unemployment and state tax refunds)
- Schedule K-1 (Form 1065), Partner’s Share of Income, Deductions, Credits, etc.
- Schedule K-1 (Form 1120-S), Shareholder’s Share of Current Year Income, Deductions, Credits, and Other Items
RETIREMENT FORMS
What we commonly know as the “retirement” tax forms can be received even before retirement. They included distributions from such things as pensions, annuities, 401(k) plans, IRAs, and of course Social Security.
- 1099-R, Distributions From Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs, Insurance Contracts, etc.
- RRB-1099-R, Annuities or Pensions by the Railroad Retirement Board
- SSA-1099, Social Security Benefit Statement
HEALTH AND LIFE INSURANCE
The health insurance forms are confusing to many people. If you received a Form 1095-A from the Health Insurance Marketplace, that must be reported on your tax return. If you only received health insurance forms from an insurer outside of the Health Insurance Marketplace (1095-B or 1095-C), those generally don’t need to be reported on your federal return. Keep in mind, some states still require reporting of health insurance regardless of the source.
- 1095-A, Health Insurance Marketplace Statement
- 1095-B, Health Coverage (insurers outside of the Marketplace)
- 1095-C, Employer-Provided Health Insurance and Coverage
- 1099-LS, Reportable Life Insurance Sale (typically not taxed/reportable as a return of premium)
- 1099-LTC, Long-Term Care and Accelerated Death Benefits
- 1099-SA, Distributions From an HSA, Archer MSA, or Medicare Advantage MSA
EDUCATION TAX FORMS
- 1098-E, Student Loan Interest Statement
- 1098-T, Tuition Statement
- 1099-Q, Payments From Qualified Education Programs (Under Sections 529 and 530)
- 1099-QA, Distributions from ABLE Accounts
Of course we need a few common miscellaneous forms to wrap it up!
- 1098-C, Contributions of Motor Vehicles, Boats, and Airplanes
- 1099-A, Acquisition or Abandonment of Secured Property
- 1099-C, Cancellation of Debt
The forms above are all federal (IRS) forms. Be aware that many financial institutions no longer mail physical copies of that reporting form. The best practice is to track anything you do that relates to income or expenses and find out if you have tax forms waiting for you in an online portal. Many state taxing authorities also no longer send physical copies. A suggestion is to go to your state’s tax website and create an online account to make sure you’re not missing a valuable document.
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