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mtimes85
New Member

1099B sale and redemption

On 1099 B, Do I enter only sale or subtotal of sale and redemption?

Self preparing. Thanks for you help

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2 Replies
ThomasM125
Expert Alumni

1099B sale and redemption

I'm not sure what you mean by sale and redemption, can you be more specific please?

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ajw_G05
New Member

1099B sale and redemption

In September1994, I received a Country Club Certificate of Equity Membership for $35,000, which would be returned in full when the Certificate of Membership was returned (ending membership).   The Club did not have funds available to reimburse me when I left the area and surrendered my Certificate in April,2006.  In February, 2019, I received a check from the Club in the amount of $25,000 along with a 1099B form for 2019.  Am I to presume that the date of sale or disposal (Box 1c on the 1099 B)?  Or should it be 2006 when I actually presented the Certificate for redemption? 

Thank you,

Alec Whyte 

 

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