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Learn More About Form 1099-B


What is a 1099-B?

Form 1099-B is used to report proceeds from broker and barter exchange transactions.

Why do I file 1099-B?

The IRS requires that all income and deductible expenses are reported by businesses and individuals or penalties could apply.

Who needs to file 1099-B?

A broker or barter exchange must file Form 1099-B, Proceeds From Broker and Barter Exchange Transactions, for each person:

  • For whom the broker has sold (including short sales) stocks, commodities, regulated futures contracts, foreign currency contracts (pursuant to a forward contract or regulated futures contract), forward contracts, debt instruments, options, securities futures contracts, etc., for cash.
  • Who received cash, stock, or other property from a corporation that the broker knows or has reason to know has had its stock acquired in an acquisition of control or had a substantial change in capital structure reportable on Form 8806.
  • Who exchanged property or services through a barter exchange. See the official IRS instructions.

When do I file 1099-B?

1099-B forms are required to be mailed to the recipient by January 31, 2017 and e-filed with the IRS by March 31, 2017.

1099-B Reporting Information

What to report Amount to report
Sales or redemptions of securities, futures transactions, commodities, and barter exchange transactions. All Amounts