Form 1099-B


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.


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.

  1. Barter

    The act of trading goods and services between two or more parties ...
  2. Brokerage Account

    An arrangement between an investor and a licensed brokerage firm ...
  3. Internal Revenue Service - IRS

    A United States government agency that is responsible for the ...
  4. Capital Gain

    1. An increase in the value of a capital asset (investment or ...
  5. 1040 Form

    The standard Internal Revenue Service (IRS) form that individuals ...
  6. Realized Loss

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