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Aterac14
Returning Member

Making Money in another state

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

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DavidD66
Expert Alumni

Making Money in another state

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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DavidD66
Expert Alumni

Making Money in another state

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"
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