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Tax Form 1099-MISC

Key Terms for 1099-MISC

1. Royalties

The Internal Revenue Service (IRS) defines a royalty as something paid to obtain intellectual property, or to use intellectual property or rights to such property.

2. Other Income

Used to report certain types of miscellaneous compensation, such as prizes and awards.

This section will reflect the fair market value (FMV) for any free/ promotional shares received from Moomoo.

3. Substitute Payments in Lieu of Dividends or Interest

Dividend and interest payments received when shares are loaned to the company.

*Moomoo does not currently support product types that pay these types of income categories.

We do not provide tax advice and any tax-related information provided is general in nature and should not be considered tax advice. Consult a tax professional regarding your specific tax situation.

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