Hello,
What to do if I received 1099-NEC from my former employer and 1099-B from the Broker for the same transaction?
According to my former employer I should use only the 1090-NEC because the 1099-B that the broker sent me is for information purpose only and that I should not enter it on my tax return.
According to the broker, I need to use the 1099-B on my tax return or the IRS will penalize me.
If I use both forms, the system deducts double.
Please help!
Thank you
