See Pub. 525. Boxes 14 16. Shows state s /local income tax information. Future developments. For the latest information about any developments related to Form 1099-B and its instructions such as legislation enacted after they were published go to Copy C For Payer To complete Form 1099-B use the 2018 Instructions for Form 1099-B. Applicable check box on Form 8949 OMB No. 1545-0715 Form 1099-B Proceeds From Broker and Barter Exchange Transactions 1a Description of property Example 100 sh. 515....
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Who needs 1099-B Form?

1099-B is the U.S. Department of Treasury Internal Revenue Service Form also known as the Proceeds From Broker and Barter Exchange Transactions Form. The IRS requires broker or barter exchanges to file this form regarding each individual:

  • For whom they sold stocks, bonds, options mutual funds, and securities;

  • Who earned money, stocks, or equivalent property from a corporation that has had its stock acquired in an acquisition of control or had a substantial change in capital structure;

  • Used the barter exchange's services to exchange property.

What is the purpose of 1099-B Form?

The taxpayer will need the data provided by the broker on form 1099-B to properly fill out another IRS form 1040, Schedule D.

Is the IRS 1009-B form accompanied by any other forms?

So far as the Form 1099-B consists of several almost identical copies, there is a helpful and detailed instructions each page that must be filed:

  • Copy A must be submitted along with the filled out form 1096;

  • Copy 2 must be filed together with the recipient’s state income tax return.

  • As for the rest of the form’s pages, there is no need to accompany them by any other documents.

When is the form 1099-B due?

Similar to the required attachments, the due dates of all the copies vary depending upon their recipients. Yet there are thorough instructions as to when each copy should be filed:

  • Hard Copy A is supposed to be directed to the IRS before 28th February. If the payer files taxes electronically, then the deadline for the Copy A submission is March, 31.

  • Copy B of IRS form 1099-B must be directed to the recipient prior to February, 15.

  • Other copies must be submitted when required.

Where to submit the completed 1099-B Form?

The recipient of each copy of the Proceeds From Broker and Barter Exchange Transactions Form is clearly indicated on each form’s page in the right box.

Video instructions and help with filling out and completing 1099 b
Instructions and Help about 1099 b 2017 form

Hello I'm penny computer shares virtual agent if you sold stock during the taxation year through computer share you'll most likely receive form 1099 beef from us in this short video I will highlight some of the information that appears on the form if you did not sell stock through computer share your form probably looks a little different but the key information is the same as what we will cover in this video before we look at the form itself you should know that in some situations computer share will not issue form 1099 B even if a sale of stock occurred on your account if the proceeds of the sale were under $20 there was no withholding tax and the transaction involved only fractional shares you will not receive form 1099 B from computer share so let's begin our review with the front of the form on the front of the form you can see your name and address your account number on computer share records and the company code for the company you're investing in we print a control number on your form so that you can securely import your data into tax filing software you should contact your tax preparation software provider for information specific to their tax software under your personal data we printed important information related to the form as well as instructions for you the recipient of the form the back of the forum is really what the forum is all about this section is where computer share prints the amounts we report to the IRS on your behalf your personal information is repeated at the top of the form you can see that for your protection your tax identification number only shows the last four digits of your ID the form filed with the IRS always includes the complete ID number if the applicable checkbox on form 8949 column contains a letter such as a B or C you must check the corresponding box on form 8949 box when a shows a description of the transaction for which computer share is reporting the proceeds including the number of shares sold box 1b shows the date on which the shares were acquired note that the acquired date may not match the date of the original purchase if adjustments due to a wash sale were necessary when the word multiple appears on the form it means the shares were acquired on a number of different dates on the computer share form we provide details of these share Lots on the last page box 1c shows the date of the transaction this is the date of the sale box 1d shows the total price at which you sold the shares lest any sales fees the amount corresponds to the sale price of each share multiplied by the number of shares you sold less any sales fees this is the amount the payer in this case computershare reports to the IRS box 1e shows the cost basis of the shares you sold put simply the cost basis is the price you paid to acquire the shares adjusted for any fees Commission's or wash sale losses that were disallowed box 1g shows information about non-deductible losses in a wash sale transaction IRS regulations state that you...