I received a Proceeds From Broker & Barter Exchange Transaction 1099-B from Arizona for unclaimed funds. The only info listed is 1a-1b-1d do I have to claim this form?

corey879 · ‎June 4, 2019

I didn't know about the funds but from reading it was a transfer from when I was in the military over 10 years ago.

TomYoung · ‎June 4, 2019

"do I have to claim this form? "

Yes. The IRS gets copies of all 1099-B's and will be looking for it on your income tax return.

You'll have to provide the other information - basis and date acquired - if you can. If you can't then use a date sometime around the date you think you acquired the stock and use $0 as the basis. As a Long Term Capital Gain it most likely will be taxed at a very low rate of 0% to 15%.

Tom Young

I received a Proceeds From Broker &amp; Barter Exchange Transaction 1099-B from Arizona for unclaimed funds. The only info listed is 1a-1b-1d do I have to claim this form?

Retirement tax questions

I received a Proceeds From Broker & Barter Exchange Transaction 1099-B from Arizona for unclaimed funds. The only info listed is 1a-1b-1d do I have to claim this form?