jtax
Level 10

Investors & landlords


   I was hoping that I could declare the 1099-B on my tax return, because it will be mine eventually.  I am afraid that if I wait to do an amended return, there will be a penalty for late payment.  It usually takes the IRS a while to find a mistake, and by that time, I'd have the 1099-B.

 


You could file for an extension and then have until Oct 15th to get the 1099 issued correctly.

 

Yes, that is not an extension to pay, so estimate the gain (you know what the 1099 will say) and pay it. 

 

 

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