Understanding Your 1099 Tax Forms: When to Expect Them and What International Traders Need to Know

As tax season approaches, traders should be aware of the timelines and requirements for receiving their 1099 tax forms. Whether you're a U.S.-based trader or an international participant in the futures markets, knowing when to expect your tax documents can help streamline your tax filing process. 

When Will You Receive Your 1099? 

For traders using NinjaTrader, 1099 tax forms are typically issued by mid-February. The IRS requires brokerage firms to send these forms by February 15, ensuring traders have the necessary documentation for their tax returns. 

If you are a U.S. trader and meet the reporting thresholds, you will receive a 1099-B form detailing your gains and losses from trading activity over the past year. This information is essential for accurately reporting capital gains and losses on your tax return. 

The forms are usually made available electronically through your brokerage account. At NinjaTrader, users can download 1099s directly from their client portals on or around February 15. If you don’t receive your 1099 by mid-February, we recommend that you check your email, spam folder, or online account settings before reaching out to our customer support. 

Do International Traders Receive 1099 Forms? 

If you are an international trader, you will typically not receive a 1099 form, as these documents are primarily issued to U.S. taxpayers. However, you may still be required to report your trading activity to your local tax authorities. 

Many international traders instead complete a W-8BEN form, which certifies their non-U.S. status and determines potential tax withholding requirements on U.S.-based earnings. While U.S. brokerage firms may not issue a 1099 form to international traders, it is still crucial to maintain detailed records of your trades for tax reporting in your country of residence. 

Key Takeaways about Tax Information for Futures Traders