Common Tax Form Questions

I received free stock. How will this impact me?

The free stock received through Webull may be reported as miscellaneous income on Form 1099-MISC at its fair market value. However, a 1099-MISC will only be issued if the miscellaneous income exceeds $600. When the free stock is sold, the transaction will be reported on the 1099-B with the cost basis reported as the closing price the day the free stock was acquired.

I closed my account. How do I view my tax forms and statements?

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 list of all tax documents issued by Webull, please visit Tax document availability.

Why didn't I receive a tax document?

You won’t receive a Form 1099 from us if any of the following apply:

• You received less than $10 in dividends or interest.
• You did not sell any stocks, ETFs, or options.
• You received less than $600 in miscellaneous income.
• You did not take a distribution from your retirement account (IRA) during the current tax year.
• You certified as a non-U.S. resident on IRS Form W-8BEN (you might receive Form 1042-S instead).
• You are a resident of Puerto Rico (you might receive Form 480.6 instead).

How do I correct errors on my 1099?

For more information on tax form corrections, please visit Tax form corrections.

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