A 1099-B reports proceeds from selling stocks, bonds, or other securities. "Proceeds" refer to the money received from selling shares.
At Betterment, shares may be sold when you:
- Withdraw funds
- Pay our quarterly fee
- Have your portfolio rebalanced
- Use Tax Loss Harvesting+ to harvest losses
- Change your allocation or portfolio strategy
- Transfer funds to another goal with a different risk level
- Have a Tax-Coordinated Portfolio rebalanced
You will receive a 1099-B by Feb. 18, 2025 if you had a Betterment taxable account and, in 2024:
- Your gross proceeds from selling shares exceeded $20, or
- Any amount of federal tax was withheld
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