Cash App Investing provides an annual tax form called the Composite Form 1099-B to shareholders who sold stock or received $10 or more in stock dividends. When preparing this document, we use the information you submitted to create your Investing account including your Legal Name and Taxpayer Identification Number (TIN).

If this information doesn't match the Internal Revenue Service’s (IRS) records, Cash App Investing is required to issue you a B-Notice.

What is the difference between a Composite Form 1099-B and a B-Notice?

A Composite Form 1099-B is a list of all the money you have received from selling stocks or have received from stock dividends in the last tax year.

An Investing B-notice is a warning that indicates a shareholder’s information (such as the provided name and TIN) that was provided to Cash App Investing does not match the IRS’ records.

What do I do upon receiving an Investing B-Notice?

If you receive an Investing B-Notice, you will need to complete and submit a Form W-9 electronically to Cash App at cash.app/individual-tax-information. You can locate the due date for providing this information in the B-Notice letter.

What if I didn’t submit my information in time?

If we don’t receive a completed and signed electronic Form W-9 by the due date in your letter, the law requires us to withhold 24% of your sales proceeds, interest, and dividends from your brokerage account. You may also be subject to a $50 IRS penalty and have your Investing account restricted.

Additionally, if we don’t receive a response to the B-Notice, or if the information is still incorrect per the IRS for a subsequent year, Cash App Investing is required to send a Second Investing B-Notice.

What happens if I receive a Second Investing B-Notice?

If you’ve received a Second Investing B-Notice, you will then need to reach out to the Cash App Support team here. They will need to verify certain documentation in order to update your taxpayer information.

Alternatively, you may receive an email from Cash App or a notification within Cash App informing you of your Second B-Notice. If you receive this email or in-app notification, please follow the steps outlined.

What if I don’t respond to my Second B-Notice?

If you are unable to provide us with the necessary information, or if you do not respond to your Second B-Notice, we may take steps to close your Investing account.

Cash App does not provide tax advice. If you have questions about your particular tax situation, or the information you have on file, you should consult a tax advisor. This is not tax advice.

~Brokerage services by Cash App Investing LLC, member FINRA/SIPC, and a subsidiary of Block, Inc. formerly known as Square, Inc. Bitcoin services by Block, Inc., not Cash App Investing. Investing and purchasing bitcoin involves risk; you may lose money. Block, Inc. is not a member of FINRA or SIPC. For additional information, see the Bitcoin and Cash App Investing disclosures.~

~Selling shares may have tax implications. If you have questions about your particular tax situation you should consult a tax advisor.~

~Cash App Investing is a self-directed service; you are solely responsible for orders placed through your account. Cash App Investing does not provide investment advice or recommendations.~

~Fractional shares investing may involve additional risks such as non-transferability. For additional information regarding the unique risks and limitations of fractional shares, please see your Investing Customer Account Agreement.~

~Fees for stocks may apply such as regulatory transactional fees and external account transfer fees, please see the investing House Rules.~

~Selling shares may have tax implications. If you have questions about your particular tax situation you should consult a tax advisor.~

Broker-Dealer Disclosures

Cash App Investing Broker-Dealer Disclosures