Don't enter your transaction without a form 1099-B. 1099-B forms are issued regardless of dollar amount. You may not have received your form yet. The broker or barter exchange must mail a copy of a 1099-B form to all clients by Jan. 31 of the year following the tax year.
- Contact your financial institution or log on to your institutions online account and look for year end statements or try to import it.
Form 1099-B IRS instructions:
- Brokers and barter exchanges must report proceeds from (and in some cases, basis for) transactions to you and the IRS on Form 1099-B.
- Reporting is also required when your broker knows or has reason to know that a corporation in which you own stock has had a reportable change in control or capital structure.
- You may be required to recognize gain from the receipt of cash, stock, or other property that was exchanged for the corporation’s stock.
- If your broker reported this type of transaction to you, the corporation is identified in box 1a
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