What is a Scottrade composite 1099?

These are commonly used by brokerage houses and many banks. 1099s come in many varieties...ones for interest, ones for dividends, ones for OID, misc etc. Since these organizations frequently would have to send you many of them, they basically combine it onto one form, with they types of income required to be reported in different areas...all then basically combining to tie into your annual statement of transactions. It's really a much more helpful way of doing it for all. (The copy the send the IRS is electronic and in a standard one at a time format).