1099-CAP Tax Forms

1099-CAP Tax Forms are IRS documents used to report the sale or exchange of stock acquired through employee stock purchase plans. These forms are specifically for reporting capital gains or losses resulting from the sale of company stock that was acquired at a discount through an employee stock purchase plan. The 1099-CAP Tax Forms include important information such as the date of sale, proceeds from the sale, and cost basis of the stock. It is crucial for recipients to accurately report this information on their tax returns to ensure compliance with IRS regulations and avoid potential penalties.