Form 1099-B

AAA

DEFINITION of 'Form 1099-B'

A form issued by a broker or barter exchange that summarizes the proceeds of all stock transactions. The sale of a stock will be accompanied by a gain or loss, which must be reported to the IRS when you file your taxes. Specifically, figures from form 1099-B are used on IRS Form 1040, Schedule D.

Brokers are required to provide you form 1099-B by January 31.

INVESTOPEDIA EXPLAINS 'Form 1099-B'

For example, let's assume you sold several stocks within the last year and the proceeds of the transactions equal a capital gain of $10,000. The amount gained from the sale of the stocks will be issued in form 1099-B by your broker and this amount must be included when you file your income taxes.

RELATED TERMS
  1. Barter

    The act of trading goods and services between two or more parties ...
  2. Internal Revenue Service - IRS

    A United States government agency that is responsible for the ...
  3. Realized Loss

    A loss is recognized when assets are sold for a price lower than ...
  4. Brokerage Account

    An arrangement between an investor and a licensed brokerage firm ...
  5. Schedule D

    A U.S. income tax form used by taxpayers to report their realized ...
  6. 1040 Form

    The standard Internal Revenue Service (IRS) form that individuals ...
Related Articles
  1. Tax Tips For The Individual Investor
    Retirement

    Tax Tips For The Individual Investor

  2. When To Sell A Mutual Fund
    Mutual Funds & ETFs

    When To Sell A Mutual Fund

  3. Should You File An Early Tax Return?
    Taxes

    Should You File An Early Tax Return?

  4. 10 Money-Saving Year-End Tax Tips
    Taxes

    10 Money-Saving Year-End Tax Tips

comments powered by Disqus
Hot Definitions
  1. Correlation

    In the world of finance, a statistical measure of how two securities move in relation to each other. Correlations are used ...
  2. Letter Of Credit

    A letter from a bank guaranteeing that a buyer's payment to a seller will be received on time and for the correct amount. ...
  3. Due Diligence - DD

    1. An investigation or audit of a potential investment. Due diligence serves to confirm all material facts in regards to ...
  4. Certificate Of Deposit - CD

    A savings certificate entitling the bearer to receive interest. A CD bears a maturity date, a specified fixed interest rate ...
  5. Days Sales Of Inventory - DSI

    A financial measure of a company's performance that gives investors an idea of how long it takes a company to turn its inventory ...
  6. Accounts Payable - AP

    An accounting entry that represents an entity's obligation to pay off a short-term debt to its creditors. The accounts payable ...
Trading Center