Apex Trader Funding taxes and your 1099-NEC

Updated October 31, 2026 · For the 2026 tax year

Apex Trader Funding says US taxpayers who got PA payouts or referral fees receive a Form 1099-NEC, usually toward the end of January, through a company called TaxBandits rather than from Apex itself. Contractor payouts usually come with nothing withheld, so the bill is yours to plan for before that form shows up.

PayoutTax isn't affiliated with Apex Trader Funding. The Apex details below come from its 1099 help page, read on October 31, 2026. Check that page for changes.

Where your Apex 1099-NEC comes from

• TaxBandits sends it. Apex says it doesn't create, store or send the forms, and its support team can't resend or reissue them.
• Look for an email from support@taxbandits.com. Check spam and trash, or search for "taxbandits.com".
• No email? Apex points to the TaxBandits online access portal, linked from its help page. You'll use the email on your Apex account and the last four digits of your taxpayer ID.
• Check your Apex profile now. Apex asks traders to confirm the email and SSN or Tax ID on their profile, which is easier before January than after.
• Not a US taxpayer? Apex says members with W-8 status don't get a US 1099 and report under their own country's rules.

You can file without the form

Apex says you don't need a physical 1099 to file, that you're responsible for reporting all income as an independent contractor, and that you can file from your own records if you can't find it. The IRS gets its copy from the issuer, so your total should match.

The IRS threshold works the same way. For 2026 payments, a business generally has to file a 1099-NEC at $2,000 or more, but the threshold doesn't change what's taxable. Apex's page doesn't state a minimum. A payout with no form is still income.

How to check the total

Apex lists three places to verify what you were paid:

• PA payouts: the "Request Payout" tab in your Apex account.
• Referral fees: "Affiliate Info", then "Payouts".
• Bank statements: deposits from Apex.

Apex also warns that contest winnings and special bonus payments may not appear in those tabs, so add them if you got any. If a form is wrong, Apex says a corrected one may be issued; use the most recent version.

Your costs aren't on the form. The 1099-NEC shows what Apex paid you, while your evaluation fees, resets and activation fees are yours to track and raise with your tax preparer.

What to set aside before January

The form arrives after the year is over, but the tax is due during the year. As one example, a single filer in Texas with $70,000 of W-2 wages and one $5,000 payout in 2026, with no trading costs, would owe about $1,729 in federal tax on it, leaving about $3,271. The Texas guide shows that example in full. Your state, wages and costs will change the answer.

Two dates to know: the January 15, 2027 estimated payment covers the last part of 2026, and payouts go on Schedule C and Schedule SE when you file. The free calculator runs your own numbers, with no sign-up.

Sources

• Apex Trader Funding, 1099 Forms and Tax Information: who gets a form, TaxBandits, where to verify income, corrected forms. Read October 31, 2026.
• IRS, Am I required to file a Form 1099 or other information return?: $2,000 threshold for 2026
• IRS, 2026 Form 1040-ES: self-employment worksheet and federal due dates
• PayoutTax 2026 tax tables: every figure the calculator used, each with its source

General information, not tax advice. This guide explains common rules for US funded traders; your situation may differ. It isn't a substitute for a licensed CPA or IRS enrolled agent, so review your own numbers with one before you file or pay.