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DallasladyTN
Returning Member

1099-R and two 1099-B forms (totaling what's on the 1099-R form), which do I file, or do I file both?

I realize a similar question was asked on another post, but I'm not sure I'm clear on the answer, especially since others started using it to post slightly different situations. 

 

Okay, I'm doing the taxes for my brother, and he received TWO 1099-B forms, each one showing how much stock was sold (1a), when it was sold (1c). and what the proceeds (1d) were with nothing under (1e), Cost or other basis.  He also received a 1099-R which shows a total in Gross (1) (which is the total of both 1099-B forms combined), then a taxable amount in 2a and 6 has net unrealized appreciation $2.20, which is the difference between boxes 1 and 2a.  

 

So, do I only use the 1099-R form for his income tax, or if I enter all of them, is he going to be double-taxed?  Again, the 1099-B forms have NO amount listed in the cost or other basis box 6.  

 

Thanks for your assistance.  

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1 Reply
ThomasM125
Expert Alumni

1099-R and two 1099-B forms (totaling what's on the 1099-R form), which do I file, or do I file both?

A form 1099-R reports a distribution from a pension plan and form 1099-B reports the sale of an investment. The two are unrelated so can you clarify what happened? Are they both reporting the same transaction?

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