1099 B

(redirected from 1099-B)

1099 B

The tax statement used for reporting proceeds resulting from the sale, redemption or liquidation of shares.

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.
References in periodicals archive ?
1099 Pro software provides preparation assistance for all informational forms required by the IRS including, 1098-MORT, 1099-A, 1099-B, 1099-C, 1099-DIV, 1099-E, 1099-G, 1099-INT, 1099-LTC, 1099-MISC, 1099-MSA, 1099-OID, 1099-PATR, 1099-R, 1099-S, 1099-T, 5498, 5498-MSA, and W2-G.