Vanguard Brokered CDs 1099

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targ
Posts: 137
Joined: Tue Nov 12, 2013 8:23 am

Vanguard Brokered CDs 1099

Post by targ »

For those of you that have brokered CDs through Vanguard, how does VG handle the 1099s? Do you get a consolidated 1099 form or a 1099 for each individual brokered CD?
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sport
Posts: 11684
Joined: Tue Feb 27, 2007 2:26 pm
Location: Cleveland, OH

Re: Vanguard Brokered CDs 1099

Post by sport »

You get a consolidated 1099's for all of your brokerage holdings. You will get a 1099INT for the interest payments and a 1099B for buying and/or selling CDs and any other holdings. If you hold funds or stocks, you will also get a 1099DIV for dividends.
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sycamore
Posts: 5465
Joined: Tue May 08, 2018 12:06 pm

Re: Vanguard Brokered CDs 1099

Post by sycamore »

sport wrote: ↑Tue Jan 24, 2023 12:54 pm You get a consolidated 1099's for all of your brokerage holdings. You will get a 1099INT for the interest payments and a 1099B for buying and/or selling CDs and any other holdings. If you hold funds or stocks, you will also get a 1099DIV for dividends.
+1.

And if you have more than one taxable brokerage account at the custodian, you'll get one consolidated 1099 per account. The 1099 will indicate the account number it's for.

And the consolidated 1099 may include a 1099-OID, which may or may not be empty/all zeros for your situation.
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