1099 B

(redirected from Form 1099B)

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 ?
members a Form 1099B showing gains and losses on positions held during
It is recommended that a taxpayer report the proceeds on Schedule D, to match the amount reported on Form 1099B and avoid IRS audit.