The 1099-B reports proceeds from the sale of stocks, bonds, or other securities. Proceeds are simply the amount of money you received in exchange for selling your shares. We sell your shares when you withdraw, when we assess our quarterly fee, when we rebalance your portfolio, we harvest losses with Tax Loss Harvesting+, when you change your allocation, when you adjust your portfolio strategy, when you transfer to another goal at a different risk level, or if we rebalance your Tax-Coordinated portfolio.
You will receive a 1099-B by Feb. 15, 2023, if you had a Betterment taxable account and:
- Your gross proceeds from selling shares are more than $20, or
- You had any amount of federal tax withholding
Betterment is not a tax advisor, nor should any information herein be considered tax advice. Please consult a qualified tax professional.