1099 B

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1099 B

The tax statement used for reporting proceeds resulting from the sale, redemption or liquidation of shares.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

1099 B

A form stating a taxpayer's capital gains and losses from security trades. A broker provides each client with a 1099 B form by January 31 each year; the client then uses this to report capital gains and losses from the sale of securities when filling out his/her 1040 to calculate his/her tax liability.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved