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in three past videos on interest dividends and Schedule D I introduced these three tax reporting forms the 1099 int for interest the 1099 div for dividends and the 1099-b for stock transactions but in the real world if you invest through a broker youll never see any of these forms and instead youll get one of these this is a Consolidated 1099 from a broker and today Im going to show you how to read the statement and put its information into the proper places on your tax return Im the tax key and here are Consolidated brokerage statements oversimplified foreign first dont be intimidated by one of these statements regardless of how many pages it can contain you usually only have to be concerned about the first two pages and sometimes all the information you need for your tax return can be found on just the first page the Consolidated 1099 combines several different forms in the 1099 series into one document including 1099 int 1099 div 1099b 1099 oid and 1099 misc we wont worry abou
