1099-B Form

Business, Legal & Accounting Glossary

Definition: 1099-B Form

1099-B Form

Quick Summary of 1099-B Form

Is a form that reports redemptions and exchanges to the Internal Revenue Service (IRS) from accounts other than money market and retirement. It also reports gross proceeds from sales of stocks, bonds, commodities, futures, and forward contracts.

Full Definition of 1099-B Form

Proceeds from Broker and Barter Exchange Transactions. This form is used for summarizing the proceeds of all stock transactions. It is sent to an individual taxpayer from a broker. When a stock is sold, the accompanying gain or loss must be reported to the IRS when the taxpayer files their annual tax return. This form should be provided to the taxpayer by the broker by January 31.

Related Phrases

1099 div
1099 g
1099 int
1099 misc
1099 oid
1099 r
1099 s
403 b plan

Cite Term

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Modern Language Association (MLA):
1099-B Form. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
December 02, 2021 https://payrollheaven.com/define/1099-b-form/.
Chicago Manual of Style (CMS):
1099-B Form. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/1099-b-form/ (accessed: December 02, 2021).
American Psychological Association (APA):
1099-B Form. PayrollHeaven.com. Retrieved December 02, 2021
, from PayrollHeaven.com website: https://payrollheaven.com/define/1099-b-form/

Definition Sources

Definitions for 1099-B Form are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 26th November, 2021 | 0 Views.