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April 11, 2021
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Making Money in another state

Would a 1099B from a company located in CA State considered as making money in another state?

    DavidD66Answer
    Alumni - Intuit
    April 11, 2021

    A 1099-B reports proceeds from broker transactions (sales of stocks, bonds, etc.).  Having broker that is in a different state is not considered making money in another state.  The gains or losses are tax items for the state where you reside at the time of the transaction.  

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    1 reply

    DavidD66Answer
    Alumni - Intuit
    April 11, 2021

    A 1099-B reports proceeds from broker transactions (sales of stocks, bonds, etc.).  Having broker that is in a different state is not considered making money in another state.  The gains or losses are tax items for the state where you reside at the time of the transaction.  

    **Say "Thanks" by clicking the thumb icon in a post. **Mark the post that answers your question by clicking on "Mark as Best Answer"