Form 1099-CAP

Form 1099-CAP

A form that a corporation files with the IRS to report payments to a shareholder if control of the corporation changes hands or if it changes its capital structure. The form is filed if the shareholder receives cash, stock, or some other form on in-kind payment.
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She added that it's likely most firms will apply rules related to Form 1099-CAP, which indicate that shareholders are required to realize gain (if any) but are not allowed to claim a loss under the section of the tax code related to corporate inversions.