1. Home
  2. /
  3. education
  4. /
  5. When Does Webull Send...

When Does Webull Send Tax Forms? A Comprehensive Guide for Investors

When Does Webull Send Tax Forms

Investing in the stock market has become increasingly popular, and many individuals are turning to online platforms like Webull for their investment needs. 

As tax season approaches, it’s essential to understand when does Webull send tax forms and how to navigate the process?

In this comprehensive guide, we’ll take you through the different types of tax documents provided by Webull, when to expect them, and valuable tips to ensure a smooth tax-filing experience.

Webull Tax Documents and Why They Matter

Before delving into when Webull sends tax forms, it’s crucial to grasp the significance of these documents. 

Webull provides various tax documents that are essential for accurate tax filing:

Form 1099-B: This form reports the proceeds from securities transactions, such as sales and exchanges. It helps determine your capital gain or loss for tax purposes.

Form 1099-DIV: If you received dividends or any distributions from your investments, Webull will issue this form. It details the amount of dividends, capital gain distributions, and return of capital distributions received.

Form 1099-INT: This form outlines the interest earned on cash held in your Webull account, including dividends on uninvested cash and income from lending shares for short selling.

tax documents

When Does Webull Send Tax Forms?

Webull promptly provides tax forms to its users to ensure they have sufficient time to file their taxes accurately. The timing of when these forms are released is crucial for planning your tax-filing strategy:

Form 1099-B: Webull typically makes this form available in mid-February. However, keep in mind that complex transactions or corrections may delay its release.

Form 1099-DIV: Webull releases this form by mid-February as well. It accounts for any dividends or distributions you received during the tax year.

Form 1099-INT: If you earned interest on your Webull account, this form will be available around mid-February as well.

Note: It’s essential to ensure that your account activity is finalized before expecting the tax forms. Any transactions that occur after the cutoff date may not be included in the initial release of these forms.

How to Download Webull Tax Documents

Accessing and downloading your tax documents on Webull is a straightforward process. 

Here’s a step-by-step guide:

  • Log into your Webull account using your credentials.
  • Navigate to the “Account” tab and select “Documents.
  • Locate the section titled “Tax Documents” and click on it.
  • You will find a list of available tax documents for the corresponding tax year.
  • Select the specific form you wish to download, such as Form 1099-B, 1099-DIV, or 1099-INT.
  • Click on the download button to save the document to your device.

Understanding Tax Filings and Deadlines

Understanding how tax filings and deadlines work is essential to ensure a smooth tax-filing process. Here are some additional points to keep in mind:

Tax Filing Deadline Extensions

If you need more time to file your tax return, you can request an extension from the Internal Revenue Service (IRS). 

This extension allows you to file your taxes up to six months later, giving you extra time to gather all necessary documents and information. 

However, it’s crucial to note that an extension to file does not grant an extension to pay any taxes owed. 

To avoid penalties, estimate your tax liability accurately and pay any taxes owed by the original deadline.

Estimated Tax Payments

If you receive income from sources other than investments, such as self-employment income, rental income, or interest income, you may need to make estimated tax payments throughout the year. 

Estimated tax payments are typically due in quarterly installments, and they help you avoid underpayment penalties at tax time. 

Discussing estimated tax payments with a tax professional can ensure compliance with tax laws and help you avoid any penalties.

Reporting Capital Gains and Losses

When filing your taxes, it’s crucial to report any capital gains or losses accurately. Webull provides you with a Form 1099-B, which reports your proceeds from securities transactions. 

Understanding how to navigate this form is vital to calculate your capital gains or losses correctly. 

If you’re unsure about the tax implications of your investment activities, consider consulting a tax professional for guidance.

Foreign Account Reporting

If you hold any foreign accounts or investments, you may need to report them to the IRS. 

Non-compliance with foreign account reporting requirements can lead to significant penalties. 

If you are unsure about foreign account reporting obligations, consult a tax professional to ensure compliance with applicable tax laws.

capital losses

Tips for Tax Filing Using Information from Webull

Filing your taxes using information from Webull can be a straightforward process if you follow these additional tips:

Maintain Accurate Records

Throughout the tax year, keep detailed records of all your investment activities, including purchase and sale dates, prices, and any associated expenses. 

Accurate records will make it easier to calculate gains or losses accurately when filing your taxes.

Reconcile with Account Statements

Regularly compare your Webull account statements with your own records. 

This practice allows you to identify any discrepancies and ensures the accuracy of the information you report on your tax return.

Consider Tax-Loss Harvesting

Tax-loss harvesting is a strategy that involves strategically selling investments that have experienced losses to offset capital gains and reduce tax liability. 

Webull provides tools and resources to assist investors in identifying potential tax-loss harvesting opportunities. 

Familiarize yourself with these features to optimize your tax situation.

Leverage Advanced Trading Strategies

Webull offers various advanced trading strategies, such as options trading and margin trading. 

These strategies may have specific tax implications, including complex reporting requirements. 

Before engaging in advanced trading strategies, thoroughly understand the tax implications and consult a tax professional for guidance.

Review Webull’s Tax Resources

Webull provides helpful tax resources on its platform. Explore the educational materials, blog posts, and FAQs related to investment taxes available on the Webull website. 

These resources can provide valuable insights and answer common tax-related questions.

Stay Informed

Tax laws and regulations can change year to year. Stay updated on any tax law changes that may impact your investments or tax liabilities. 

Following authoritative sources, such as the IRS website or consulting a tax professional, will help you stay informed and compliant.

tax professional

Frequently Asked Questions (FAQs)

Can I import my Webull tax forms directly into tax software?

Yes, you can import your Webull tax forms into compatible tax software.

What happens if there are errors or discrepancies on my Webull tax forms?

Contact Webull’s customer support for assistance in resolving any errors or discrepancies. You may need to file an amended tax return if you’ve already filed.

Does Webull provide tax advice or assistance?

Webull does not provide tax advice, but they offer educational resources to help you understand the tax implications of your investments.

Can I deduct fees paid to Webull on my tax return?

Some fees, such as account maintenance fees or margin interest charges, may be eligible for tax deductions. Consult a tax professional to determine eligibility.


Understanding when Webull sends tax forms is crucial for a hassle-free tax-filing experience. 

By familiarizing yourself with the different tax documents Webull provides, knowing when to expect them, and following our pro tips, you can confidently navigate the tax-filing process. 

Remember to file your taxes accurately and on time to avoid any unnecessary penalties. 

Take advantage of Webull’s comprehensive tax services and maximize your returns while staying compliant with tax laws. Happy investing and tax filing!