1099-B

What is Form 1099-B?

Form 1099-B is an IRS tax form used to report dispositions of capital assets, regulated futures contracts, foreign currency contracts, and securities futures that individuals have sold through a broker or barter exchange.

Individuals who sold stock or other securities through a broker are required to report and may receive a Form 1099-B.

Who Will Receive Form 1099-B?

You should receive Form 1099-B if:

• You sold assets such as stocks, bonds, or mutual funds through a broker or barter exchange.
• This form helps you report the proceeds from these sales on your tax return.

Who needs to file Form 1099-B?

Brokers or barter exchanges must file Form 1099-B for each person:

• For whom they sold various assets (e.g., stocks, commodities, debt instruments) for cash.
• Who received cash, stock, or other property from a corporation that underwent an acquisition of control or a substantial change in capital structure.
• Who exchanged property or services through a barter exchange.