This 1099 CAP Form 2026 guide explains the IRS Changes in Corporate Control and Capital Structure. Form 1099-CAP reports information about certain corporate control and capital-structure changes. A shareholder may need to reconcile cash, stock or other property with the underlying transaction and basis records. The statement is part of the reporting file rather than a stand-alone calculation of every shareholder tax consequence.
Reviewed October 31, 2026. This is an independent guide. The version and availability information below identifies the IRS documents used for this page.
What 1099 CAP Form 2026 does and who prepares it
A corporation or reporting intermediary supplies the covered corporate control or capital-structure information.
For the connected reporting route, see Form 1099-B. Keep the role of that document separate from the task explained on this page.
| Official form | Form 1099-CAP |
|---|---|
| IRS title | Changes in Corporate Control and Capital Structure |
| Guide period | 2026 |
| Target version | Apr 2025 |
| Availability | Current IRS catalog PDF |
| Last checked | October 31, 2026 |
Get the 1099 CAP Form 2026 PDF and check its status
Use the IRS source to confirm the document before completing a real filing. The download link is a reference to the official file; it is not a statement that every copy inside the PDF may be printed and submitted. Follow any instructions about electronic filing, scannable copies, recipient copies or attachments.
Which version of 1099 CAP Form 2026 should you use?
The 2026 in the title identifies the tax year or calendar-year information addressed by this guide. For a 2026 income reporting document, the preparation or filing activity may occur in 2027. Do not change the income year simply because the calendar has changed. The exact filing or furnishing date comes from the instructions for this form and the filer circumstances.
Records to gather for 1099 CAP Form 2026
- Corporate transaction notice.
- Shareholder basis records.
- Cash and property received.
- Broker statements.
- Relevant transaction dates.
Keep a working reconciliation with these records. It should show the source of each reported item, any correction made before filing and the reason a different amount appears on a connected form. This is especially useful when a statement is corrected or a prior-year balance continues into the current calculation.
How to work through 1099 CAP Form 2026
- Identify the issuer and recipient. Check which person or entity prepares the information return and which person receives a statement. Use the correct copy and filing route for that role.
- Reconcile the underlying records. Compare the statement with the transaction, payroll, account or payment records. Resolve duplicate reporting and unexplained differences before carrying a total into a return.
- Read boxes and codes separately. Different boxes can describe different tax categories. A gross payment, a taxable amount, a withholding credit and an identifying code should not be combined as if they were one measure.
- Use the correct return treatment. An information return supplies facts. It does not independently establish every deduction, exclusion, credit or final tax result for the recipient.
- Address corrections at the source. Check the issuer correction process for an incorrect statement. If a related tax return has already been filed, review separately whether that return also needs a correction.
Form-specific IRS instructions and reporting details
The following points retain the operative wording of the IRS documents linked above. Read each point with its stated conditions and the applicable form version. References to another form or section describe a connected requirement; they do not mean that every reader must file every referenced document.
For the latest information about developments related to Form 1099-CAP and its instructions, such as legislation enacted after they were published, go to IRS.gov/ Form1099CAP. You can get the General Instructions for Certain Information Returns at IRS.gov/1099GeneralInstructions.
Substantial Change in Capital Structure A substantial change in capital structure occurs if a corporation: • Has a change in capital structure, • The amount of cash or other property provided to its shareholders is $100 million or more, and • The corporation or any of its shareholders is required to recognize gain under section 367(a) as a result of the transaction.
A corporation has a change in capital structure if the corporation in a transaction or series of transactions: • Merges, consolidates, or otherwise combines with another corporation or transfers all or substantially all of its assets to one or more corporations; • Transfers all or part of its assets to another corporation under bankruptcy proceedings including distributing its stock or securities; or • Changes its identity, form, or place of organization.
Additional reporting conditions
See part C in the current General Instructions for Certain Information Returns and its Guide to Information Returns for filing and furnishing dates. But see the separate guidance for clearing organizations in Special reporting date–clearing organizations next. Special reporting date–clearing organizations. A corporation must file Form 1099-CAP and furnish a copy to each of its shareholders who receives any stock or other consideration in the transaction and who is not an exempt recipient. A clearing organization, such as the DTC, is not an exempt recipient.
The corporation is therefore required to file and furnish a copy of Form 1099-CAP to a clearing organization with respect to shares held by the clearing organization unless it makes a consent election, as discussed below. Furnish Form 1099-CAP to the clearing organization by January 6, 2025. For subsequent years, furnish Form 1099-CAP to the clearing organization by January 5th of the year following the calendar year in which the transaction took place. See Guide to Information Returns, in the General IRS.gov/Form1099, for due dates that fall on a weekend or holiday.
If you are furnishing the DTC with Forms 1099-CAP, see also Notice 2004-9, 2004-04 I.R.B. 334, available at IRS.gov/irb/2004-04_IRB#NOT-2004-9.
Failure to file Forms 1099-CAP also includes the requirement to file electronically. For more information on penalties for failure to file electronically, see part F in the current General Instructions for Certain Information Returns. Criminal penalties under sections 7203, 7206, and 7207 may apply in appropriate cases.
Calculations and supporting information
The account number is required if you have multiple accounts for a recipient for whom you are filing more than one Form 1099-CAP. Additionally, the IRS encourages you to designate an account number for all Forms 1099-CAP that you file. See part L in the current General Instructions for Certain Information Returns.
Enter the trade date of the sale or exchange, actually or constructively received. Enter the aggregate amount of cash and the FMV of any stock and other property received in exchange for the number of shares exchanged in the reporting corporation.
Enter the class or classes of stock (for example, preferred, common, etc.) exchanged in the reporting corporation for cash or other property received. Abbreviate the class to fit the entry. For example, you may enter “C” for common stock, “P” for preferred, or “O” for other. Also, abbreviate any subclasses.
This is important tax information and is being furnished to the IRS. If you are required to file a return, a negligence penalty or other sanction may be imposed on you if taxable income results from this transaction and the IRS determines that it has not been reported.
Exceptions and related reporting
A corporation in which you own stock that has had a change in control or a substantial change in capital structure must send you this statement by January 31 of the year following the calendar year of the change. You have received this statement because the corporation has reasonably determined that you may be required to recognize gain from the receipt of cash, stock, or other property that was exchanged for the corporation’s stock. Report any gain from the exchange on Form 8949.
However, you cannot claim a (loss) on Form 8949 as a result of this exchange. See chapter 4 of Pub. 550 for additional information. Shareholder’s taxpayer identification number (TIN). For your protection, this form may show only the last four digits of your TIN (social security number (SSN), individual taxpayer identification number (ITIN), adoption taxpayer identification number (ATIN), or employer identification number (EIN)). However, the issuer has reported your complete TIN to the IRS.
Reading the lines and boxes
These selected labels come from the linked target PDF. They are a reading aid, not a replacement for the full line instructions or a completed calculation. Match the label and document version before transferring any amount.
| Line or box | Label in the source form | What to check |
|---|---|---|
| 2 | Aggregate amount rec’d* | Check the applicable line instructions and keep the source workpaper with the return records. Transfer only the information that matches the field and reporting period. |
A practical example
A shareholder receives a statement after a corporate transaction. The shareholder compares it with the transaction documents and broker records and determines the applicable disposition or other reporting treatment before completing the return.
This example illustrates the order of the review. It does not assume an unverified deduction, exemption, treaty rate or final tax amount. The applicable form instructions and the actual records determine the result.
Common mistakes to avoid with 1099 CAP Form 2026
- Do not assume every reported property receipt has the same tax treatment.
- Coordinate broker and issuer information without double counting.
- Preserve basis support for the transaction.
Questions about 1099 CAP Form 2026
Does receiving or downloading this form mean I must file it?
A corporation or reporting intermediary supplies the covered corporate control or capital-structure information. The form purpose and the applicable filing or furnishing conditions determine the action. Downloading a blank PDF does not itself create a filing obligation or establish eligibility for a tax benefit.
Is the revision date always the same as the tax year?
No. Some forms show a tax year, while continuing-use forms show a revision date and ask separately for the reporting period. Check the actual document and instructions. Do not relabel a payment or transaction solely because it was reported in a later calendar year.
What should I do if the underlying information is wrong?
Do not assume every reported property receipt has the same tax treatment. Keep the original record and the correction trail. The issuer correction process, an amended return and an updated certificate can be different procedures. Choose the process that matches the document and the actual error.
Which records should I keep with the completed form?
Retain the source documents, applicable worksheets, submitted version and filing or furnishing confirmations. For this form, the working file should include corporate transaction notice, shareholder basis records, cash and property received. Keep continuing balances and prior-year support for as long as they remain relevant under the applicable recordkeeping rules.
Related forms and next steps
Use these guides when the connected issue applies to your records. Each page has its own purpose, reporting year and availability status.