All 1099 tax forms are scheduled to be issued at the end of January beginning of February.
Advisors who earned over $500.00 or have had tax deductions from their earnings through the year will receive a 1099 form.
Yet, if an advisor received their earnings through PayPal, they will need to contact PayPal directly to obtain their 1099 form. Kasamba was informed by the IRS that we are no longer required to issue 1099 forms to advisors who earn their funds through a third party method, such as PayPal.
Additionally, 1099 forms are issued to the mailing address provided to us on the W-9 tax forms. If you have any further questions regarding 1099 tax forms, please send us an email by clicking on the email icon below.