Common Tax Form Questions

I received free stock. How will this impact me?

Free stock received through Webull may be reported as miscellaneous income on Form 1099-MISC, valued at its fair market price on the day of receipt. A 1099-MISC will only be issued if total miscellaneous income exceeds $600. When you sell the stock, it will be reported on Form 1099-B with a cost basis equal to the stock’s closing price on the day it was awarded.

How can I view my tax forms and statements if I’ve closed my account?

If you have closed all Webull accounts and no longer have online access to your account, please visit webull.com/edocs to access them.

What tax documents do you provide?

For a complete list of tax documents issued by Webull, please visit our Tax document availability page.

Why didn't I receive a tax document?

You will receive a Form 1099 if any of the following apply:

• Received more than $10 in dividends (Form 1099-DIV issued) or interest (Form 1099-INT issued).
• Sold stocks, ETFs, or options (Form 1099-B issued).
• Received more than $600 in miscellaneous income (1099-MISC issued).
• Received more than $20 in Cash in Lieu (CIL) payments.
• Made an IRA distribution in the current tax year.

Please note that even if one of the above applies, you will not receive a Form 1099 if any of the following apply:

• You certified as a non-U.S. resident under IRS Form W-8BEN (you may receive Form 1042-S instead).
• You are a resident of Puerto Rico (you may receive Form 480.6 instead).
• You hold a C-Corporation (C-Corp) Entity account.

How do I correct errors on my 1099?

For information on correcting errors on your 1099, please visit our Tax form corrections page.

What is non-resident withholding?

Non-resident withholding tax is a system that requires a 30% withholding on payments of U.S.-sourced income made to non-U.S. persons. Due to a claim of foreign status, the withholding tax rate may be influenced by the tax treaty between the relevant countries. Your specific tax obligations will vary based on your country of residence and the location of the company involved.

To certify your tax treaty benefits, you need to fill out IRS Form W-8BEN. After completing and submitting this form to Webull, your withholding rate will be based on the rate specified in the tax treaty. If no tax treaty applies, a 30% withholding will be applied to all dividends, interest payments, and royalties.

What is your Federal ID number?

The following lists Webull's EIN number for both Omnibus and Apex accounts:

• Omnibus: 82-1664890
• Apex Clearing: 13-2967453

How can I integrate my account data with TurboTax for my tax filing?

If you are a Futures customer preparing taxes for this specific business line, please be aware that the TurboTax platform is not compatible with our tax preparation process. To ensure the accuracy and compliance of your tax filing, we offer two alternative methods:

1. Download/Upload CSV Method: Begin by downloading the CSV file template available on our platform. Input your financial data into the template, ensuring accuracy and completeness. Once filled, simply upload the file back through our interface. This streamlined process is designed to capture all of the required information in a format that directly aligns with our tax preparation guidelines.
2. Manual Data Entry: Should you choose, or if your financial data is not too extensive, you have the option to manually input your financial values directly into the designated fields on our website. This method allows for precise control over each entry and is ideal for those with a smaller set of financial data to report.