When it comes to financial transactions and the IRS, clearly understanding each form is vital for your financial well-being. One such important form is 1099-CAP, also known as corporate control and capital structure changes. In layman’s terms, this form reports significant changes in control or capital structure that affect a corporation.
When one company merges with another or gets bought out, control of the company changes.
If you receive money, stock, or other items due to changes in the company's financial structure, this is part of the changes happening to the business.
Corporate reorganizations impacting shareholder equity.
Any significant corporate event that alters shareholder investments.
1. Get the Form
You can get 1099-CAP instructions and form from the IRS website or Lawrina platform or request it from your financial institution.
2. Fill Out the Issuer's Information
3. Provide Transaction Details