1099 Forms › Best 1099-DIV Software for Investment Firms
At a Glance
What 1099-DIV Software Do Investment Firms Use?
Brokerages and investment firms report dividend income and capital gain distributions on Form 1099-DIV. The best software handles the complexity of investment reporting—qualified dividends, Section 199A dividends, capital gains, and tax-exempt distributions—while integrating with 1099-B for comprehensive client statements.
BoomTax is trusted by investment firms for 1099-DIV compliance. Our platform handles the complexity of investment income reporting with features designed for financial services.
Why Investment Firms Choose BoomTax
- Investment-Grade Reporting: All dividend box types including qualified dividends and Section 199A.
- Combined Statements: Deliver 1099-DIV with 1099-B and 1099-INT in consolidated statements.
- High-Volume Processing: Handle thousands of client accounts efficiently.
- SOC 2 Certified: Enterprise security for financial services requirements.
- TIN Validation: Verify client SSN/TIN data before filing.
- State Filing: Combined Federal/State filing where required.
1099-DIV for Investment Portfolios
Dividend Types
- Ordinary Dividends: Box 1a total
- Qualified Dividends: Box 1b (lower tax rate)
- Section 199A: Box 5 (REIT dividends)
- Tax-Exempt: Box 12 exempt-interest
Capital Gains
- Total Cap Gains: Box 2a distributions
- 28% Rate Gain: Box 2d collectibles
- Section 1250: Box 2b unrecaptured
- Section 897: Box 2e ordinary FIRPTA
Combined Statement Delivery
- 1099-DIV + 1099-B: Dividends and proceeds from securities sales.
- 1099-INT: Add interest income to consolidated statements.
- Single Mailing: Reduce costs with combined recipient copies.
- Online Access: Provide client portal access to tax documents.
All Features Included
Purchasing any BoomTax package will give you everything you need to complete your filing.
This includes:
- Federal E-File
- State E-File (ACA and 1099 CF/SF)
- Recipient Copy Download as PDF
- Official IRS Copy Download as PDF
- Unlimited Corrections
Bulk Import
Import many companies in one spreadsheet to simplify data input.
Data Validation
We validate your data against hundreds of IRS rules.
Hands Off E-File
No IRS registration or testing required.
Free Corrections
Make as many changes as needed for free.
How Investment Firms File with BoomTax
Import Your Data
You can import your data as Excel, XML, or use files from popular payroll providers like QuickBooks, UKG, ADP, and many more.
Step-By-Step Wizard
We walk you through the process with no complicated jargon. You can also live chat with a real person as you work on your filing for hands-on help.
E-File & Mail Employee Copies
Once your data is loaded, you can e-file and distribute employee copies in minutes.
Frequently Asked Questions
Dedicated to simplifying complex IRS regulations for employers, with expertise in ACA, 1099, and W-2 compliance.
or
BoomTax and its affiliates do not provide tax, legal, or accounting advice. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal, or accounting advice. You should consult your own tax, legal, and accounting advisors prior to engaging in any transaction.