1099 B

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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 ?
Valkenburgh said a (https://www.irs.gov/pub/irs-pdf/f1099b.pdf) 1099B form could have been helpful.
"The IRS has been silent, since 2014 when they issued the first bit of guidance, about whether exchanges can or should offer those 1099B forms," he said.