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How to Read Your
Composite and Year-End
Summary Report
What’s New for the 2012 Tax Year
•We’ve added a new sort order for your
1099-B and Realized Gain/Loss section
that mirrors the IRS Form 8949 to make
the completion of that form easier.
•New Realized Gain/Loss Summary page.
•Rollup reporting reduces the number of
lines and pages in your report.
•The Table of Contents has been moved
to page 2 for your convenience.
Inside Your Form 1099 Composite and Year-End Summary
Your Form 1099 Composite and Year-End Summary Report
contain the information you need to do your tax preparation in
one easy-to-use report. Depending on your financial situation,
your 1099 Composite may include the following forms:
Form 1099-DIV
Dividends and Distributions—Reports any dividend amounts
earned on stocks and mutual funds in your Schwab
account(s), including capital gains distributions.
Form 1099-INT
Interest Income—Reports any interest paid to your Schwab
account(s).
Form 1099-MISC
Miscellaneous Income—Reports any royalty and substitute
payments in lieu of dividends and interest paid to your
Schwab account(s). You could also receive a separate Form 1099-MISC that reports “Other Income.”
Form 1099-OID
Original Issue Discount—Reports any original issue
discounts (OIDs) accrued for the current year. The amount is based on the excess of the stated redemption price (at
maturity) and the original issue (not purchase) price of debt
instruments, including bonds or notes that have a term of
more than one year. This form also reports taxable income
earned on securities with income taxable on an accrual basis.
REVISED Form 1099-B
Gross Proceeds From Broker and Barter Exchange
Transactions—Reports any proceeds from the sale of
assets in your Schwab account(s), including tenders,
redemptions, and taxable corporate reorganizations.
Proceeds are calculated by deducting commissions from the sales price. If you sold a security due to an option
assignment or exercise, we have adjusted proceeds by the
option premium paid or received.
Form 1099-B
Schwab One® Account of
DANASchwab
JONES
One® Account of
JOHNDANA
JONES
JONES
JOHN JONES
Recipient’s Name and Address
Recipient’s Name and Address
DANA JONES DANA JONES
JOHN JONES JOHN JONES
C/O SAMPLE
GLOBAL ENTERPRISE
C/O SAMPLE GLOBAL
ENTERPRISE
3RD FLOOR, SUITE 1800
3RD FLOOR, SUITE
1800
1234 MAIN STREET
1234 MAIN STREET
ANYTOWN, US 12345
ANYTOWN, US 12345
Taxpayer ID Number: ***-**-0000
Account***-**-0000
Number: 1111-9999
Taxpayer ID Number:
Account Number:
1111-9999
Proceeds
From Broker Transactions—2012
Proceeds From
Broker
Transactions—2012
Department
of the Treasury–Internal
Revenue Service
1c–Type of gain or loss: Short-term (Report on Form 8949, Part I, with Box A check
Department ofA the6b–Basis
Treasury–Internal
Service
reported toRevenue
IRS
M
A
1b–Date of
2a–
1c–Type of gain or loss: Short-term (Report on Form 8949, Part I, with
Box A chec
acquisition
stock
CUSIP Number
(less
1a–Date
6b–Basis reported to IRS
and opt
8–Description
SAMPLE CORP
8–Description
SAMPLE CORP
SAM
1d-Stock or
of sale or
of
other symbol **1b–Date
exchange
2a
1
acquisition
sto
30246XXXX S
$ (les
CUSIP Number
1a–Date
sale or and o
1d-Stock orXXYY of04/01/12
30246XXXX
08/18/12 $
1
other symbol
** SS exchange
S
XXYY
SAMPLE CORP
SAMPLE CORP
Security Subtotal
SAMPLE MUNI FUND
Security Subtotal
10/11/12
30246XXXX SC
$$
XXYY
04/01/12
67062XXXX S
09/14/12 $
30246XXXX
SS 08/18/12
ABCXX
11/11/12 $
XXYY
10/11/12 $
Security Subtotal Total Short-Term (Cost basis is reported to the IRS)
SAMPLE MUNI FUND
$$
67062XXXX S
ABCXX
09/14/12 $
11/11/12
Security Subtotal
$
the “Notes for Your Form 1099-B” section for additional explanation of this Form 10
A To make your Please
tax see
preparation
easy, Form 1099-B is sorted in
This is important tax information and is being furnished to the Internal Revenue Service. If you
Total Short-Term (Cost basis is reported to the IRS)
$
you if this income is taxable and the IRS determines that it has not been reported.
situation, it can
have up to six sections:
©2012 Charles Schwab & Co., Inc. All rights reserved. Member SIPC.
CG2E3301-0000001 101 (0712-4872)
Short-Term Holding Period
of gain or loss: Short-term (Report on 1.1c–Type
Please see the “Notes for Your Form 1099-B” section for additional explanation of this Form 1
This 8949,
is important
tax information
and is A
being
furnished to the Internal Revenue Service. If you
Form
Part
I, with Box
checked.)
you if this income is taxable and the IRS determines that it has not been reported.
©2012 Charles Schwab
& Co., Inc. All
reserved. Member SIPC. CG2E3301-0000001 101 (0712-4872)
6b–Basis
reported
torightsIRS
2.1c–Type of gain or loss: Short-term (Report on Form 8949, Part I, with Box B checked.)
6a–Noncovered security (cost basis available but not reported to IRS)
3.1c–Type of gain or loss: Short-term (Report on Form 8949, Part I or Part II, with Box B checked.)
6a–Noncovered security (cost basis missing)
TAX YEAR 2012
FORM 1099 COMPOSITE
TAX YEAR 2012
FORM
1099 COMPOSITE
TAX YEAR 2012
unt Number
11-9999
Account Number
1111-9999
Account Number
1111-9999
yer’s Name and Address
FORM 1099 COMPOSITE
Date Prepared: January 11, 2013
Payer’s
and Address
RLES
SCHWAB
&Name
CO.,
Payer’s
Name
andINC.
Address
MAIN STREET
CHARLES
& CO., INC.
CHARLES
SCHWAB
& CO., INC.
FRANCISCO,
CASCHWAB
94105
211
MAIN
STREET
211
MAIN
STREET
phone
No:
(800) 435-4000
SAN
FRANCISCO,
CA 94105
SAN
FRANCISCO,
CA 94105
eral Telephone
ID Number:
94-1737782
No: (800)
435-4000
Telephone
No:94-1737782
(800) 435-4000
Federal
ID Number:
Federal ID Number: 94-1737782
E
E
L
L
E
P
L
PP
M
M
Date Prepared: January 11, 2013
Date Prepared: January 11, 2013
Form
1099-B
Form
1099-B
Form 1099-B
Copy BBfor
(OMB(OMB
No. 1545-0715)
Copy
forRecipient
Recipient
No. 1545-0715)
B
SHORT-TERM HOLDING PERIOD
SHORT-TERM
HOLDING
PERIOD
B for Recipient
COST BASIS IN THIS SECTION Copy
IS REPORTED
TO THE (OMB
IRS No. 1545-0715)
ked.)
–Sales price of
cked.)
ks, bonds,
etc.
ice
of
s commissions
, etc.premiums)
ptions
sions
a–Sales sold
price
1e-Quantity
COST BASIS IN THIS SECTION IS REPORTED TO THE IRS
SHORT-TERM HOLDING PERIOD
COST BASIS IN THIS SECTION IS REPORTED TO THE IRS
of
miums)
ocks, bonds, etc.
101,902.74
$
ss
commissions
y sold
options
premiums)
5,952.00
16,965.80
$
02.74
$ sold
1e-Quantity
S
52.00 300.00
118,868.54
$
101,902.74
65.80 $
5,952.00
S
00.00
23,604.95 $
16,965.80
68.541,700.00
$
S
300.00
23,604.95
$
3–Cost or
other basis
132,154.11
$
$
114,092.06
$
18,062.05 $
$
22,379.62 $
132,154.11
18,062.05 $
$
22,379.62
$
$154,533.73 22,379.62
$
0.00 $0.00
0.00 $
0.00
0.00
0.00 $
0.00
0.00
118,868.54
$22,379.62
132,154.11 $
04.95
$
142,473.49
$
154,533.73 $
00.00
23,604.95 $
22,379.62 $
04.95 $
22,379.62 $
1,700.00
73.49 23,604.95
$
4–Federal income
tax withheld
5–Wash sale
loss disallowed
3–Cost or
5–Wash sale
4–Federal income
114,092.06
$
0.00 $
0.00withheld
other
basis
loss disallowed
tax
3–Cost or
5–Wash sale
4–Federal income
18,062.05
0.00
0.00
114,092.06
$$ basis
0.00
$
0.00
other
loss$ disallowed
tax withheld
$
0.00 $
$
0.00
0.00
0.00
0.00
0.00 $
0.00
0.00
$
$
0.00
$
0.00 $
0.00
0.00
0.00
$
0.00
0.00
0.00
the order that you fill out your Form 8949. Depending on your
099-B report.
are required to file a return, a negligence penalty or other sanction may be imposed on
142,473.49
$
154,533.73
Page 12 of 48
Long-Term Holding Period
ort.
red to file a return, a4.1c–Type
negligence penalty
other sanction
may Long-term
be imposed on (Report
ofor gain
or loss:
1099-B report. Page
12 of 48
u are required to file a return,
a negligence
or other
sanction
may
be imposed on
Form
8949, penalty
Part II,
with
Box
A checked.)
6b–Basis reported to IRS
on Page 12 of 48
5.1c–Type of gain or loss: Long-term (Report on Form 8949, Part II, with Box B checked.)
6a–Noncovered security (cost basis available but not reported to IRS)
6.1c–Type of gain or loss: Long-term (Report on Form 8949, Part II, with Box B checked.)
6a–Noncovered security (cost basis missing)
NEW Realized Gain or (Loss) Sum
Schwab One® Account of
DANA JONES
JOHN JONES
YEAR-END SUMMARY INFORMATION IS NOT PROVIDED TO THE IRS.
The information in this and all subsequent sections is not provided to the IRS by Charles Schwab. It is pro
Realized Gain or (Loss) Summary
Total Realized Gain or (Loss)
Description
E
Total Short-Term Realized Gain or (Loss) (Cost basis is reported to the IRS. Report on Form 8949, Part $
I, with Box A checked.)
Total Short-Term Realized Gain or (Loss) (Cost basis is available but not reported to the IRS. Report on $
Form 8949, Part I, with Box B checked.)
AM
Total Short-Term Realized Gain or (Loss) (Cost basis is missing and not reported to the IRS. Report on $
Form 8949, in either Part I or Part II as appropriate, with Box B checked.)
Total Short-Term Realized Gain or (Loss) (Transactions are not reported on Form 1099-B or to the IRS. $
Report on Form 8949, in either Part I or Part II as appropriate, with Box C checked.)
Total Short-Term Realized Gain or (Loss)
S
Total Long-Term Realized Gain or (Loss) (Cost basis is reported to the IRS. Report on Form 8949, Part
II, with Box A checked.)
Total Long-Term Realized Gain or (Loss) (Cost basis is available but not reported to the IRS. Report on
Form 8949, Part II, with Box B checked.)
$
$
$
Total Long-Term Realized Gain or (Loss) (Cost basis is missing and not reported to the IRS. Report on $
Form 8949, Part II, with Box B checked.)
Total Long-Term Realized Gain or (Loss) (Transactions are not reported on Form 1099-B or to the IRS. $
Report on Form 8949, Part II, with Box C checked.)
Total Long-Term Realized Gain or (Loss)
$
TOTAL REALIZED GAIN OR (LOSS)
$
©2012 Charles Schwab & Co., Inc. All rights reserved. Member SIPC.
CG2E3301-0000001 101 (0712-4872)
B Each section heading will clearly state whether it is a short-term or long-term holding period and
whether cost basis is reported to the IRS, not
reported, or missing.
C Closing transactions on the 1099-B are now rolled
up into one line for the same holding period for both
covered and noncovered status. Acquisition Date is
blank to indicate various dates.
mmary
TAX YEAR 2012
YEAR-END SUMMARY
Account Number
1111-9999
Date Prepared: January 11, 2013
ovided to you as additional tax reporting information you may need to complete your tax return.
D
$
142,473.49 $
M
$
$
Cost Basis
Adjusted
Realized
Gain or (Loss)
Adjusted
Wash Sale
Loss Disallowed
154,533.73
$
0.00
$
(12,060.24)
12,235.10 $
12,262.98
$
0.00
$
(27.88)
$
12,262.98
$
(27.88)
P
$
$
LE
Total Proceeds
5,073.90
1,867.42 $
161,649.91 $
––
4,306.22
––
––
$
0.00
$
(2,438.88)
171,102.93i $
0.00
$
(14,527.00)i
$
(14,527.00)bi
$
171,102.93i
$
2,371.55 $
2,573.98
$
142.38
$
(60.05)
$
15,000.00 $
16,160.97
$
0.00
$
(1,160.97)
$
15,605.97
––
$
(605.97)
––
$
1,000.00
12.16
––
$
13.60 $
$
0.00
$
$
18,385.15 $
$
18,747.11i $
18,192.11i
142.38
$
$
(1,219.58)i
(644.98)bi
1.44
$
180,035.06 $
$
189,850.04i $
189,295.04i
142.38
$
$
(15,746.58)i
(15,191.98)bi
Page 33 of 48
D New! Realized Gain or (Loss) Summary Page
See your realized gains and losses for your
account summarized on one page. The sections
are sorted by IRS Form 8949 category.
E Each section heading will clearly state the
following:
• Short-term or long-term holding period
• Whether cost basis is reported to the IRS
• Where to report on Form 8949
2012 Tax Preparation Resources
Schwab Online Tax Center
Find in-depth tax information and a wide range of
resources to help you with your 2012 tax preparation:
•More details about Forms 1099 Composite
•Information about the new cost basis reporting law and which securities are covered
•Access to tax forms, tables, and worksheets
•Information about downloading your 1099
•A 2012 tax guide with simple explanations of tax issues
To visit the Online Tax Center
Schwab clients:
schwab.com/tax
Clients of independent investment advisors:
schwab.com/sa_tax
Since tax law is complex, contact an IRS representative or yo
Schwab Tax Document Archive
View 10 years of statements, tax forms, and trade
confirmations.
Schwab clients:
schwab.com/reports
Clients of independent investment advisors:
schwab.com/sa_reports
For More Information
To contact Schwab:
Form 1099 Composite questions: 1-800-435-4000
Clients of independent investment advisors, please call
your advisor or Schwab Alliance at 1-800-515-2157.
To contact the IRS:
Tax questions for individuals:
1-800-829-1040
Tax questions for businesses:
1-800-829-4933
Other tax forms or publications:
1-800-829-3676
Pay taxes by credit card:
1-888-272-9829
For additional information and to print forms and
publications: www.irs.gov
our tax advisor for guidance on your particular circumstances.
Year-End Summary
Your Year-End Summary provides information about your
investment activity during the tax year for use in completing
your tax return. It may include interest, dividend, and
distribution detail for your account, and both short-term and
long-term realized gain/loss information. Year-end summary
information is not provided to the IRS by Charles Schwab.
Before you file, consider that more forms
may be on the way.
Corrected Form 1099 Composite
Your Form 1099 Composite includes the most
comprehensive information available at the time it’s
prepared. If we receive updated information from
issuers of securities you hold, we’re required to send a
corrected Form 1099 Composite with the revision(s)
clearly highlighted.
Widely Held Fixed Investment Trust Securities
WHFIT security issuers have until March 15 to issue
statements that contain their tax reporting information.
As a result, you may receive one or more corrected
Forms 1099 Composite that include WHFIT reporting.
Schedule K-1
If you held a limited partnership or a partnership-type
security which includes some exchange-traded funds
(ETFs), you may receive a Schedule K-1 sometime in
mid-March 2013.
Additional forms may be necessary to complete your
individual taxes. Get more details online.
Schwab clients:
schwab.com/tax
Clients of independent investment advisors:
schwab.com/sa_tax
This information is not intended to be a substitute for specific
individualized tax, legal, or investment planning advice. Where specific advice is necessary or appropriate, Schwab recommends
consulting with a qualified tax advisor, CPA, financial planner, or
investment manager.
Independent investment advisors are not owned by, affiliated with, or supervised by Schwab.
©2013 Charles Schwab & Co., Inc. All rights reserved. Member SIPC.
CS17669-01 (1212-7331) MKT30795-08 (01/13)
00089211