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Level 1
April 11, 2021
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Making Money in another state

  • April 11, 2021
  • 1 reply
  • 22 views

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

    Best answer by DavidD66

    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.  

    1 reply

    DavidD66Answer
    Level 15
    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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