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Returning Member
posted May 29, 2023 10:33:37 AM

Received 1099-B for a 2020 sale, then 1099-B in 2021&2022 as funds released. Do I amend my 2020 return and input all 1099-B or input 1099-B for when the funds received?

0 6 1296
6 Replies
Level 15
May 29, 2023 12:55:50 PM

If you got a 1099-B (2020) it is reported on your 2020 return, 1099-B (2021) on tax return 2121 and so on. 

Level 15
May 29, 2023 1:02:28 PM

You only get 1 1099B per sale.  So you must have had new separate sales in 2021 and 2022.  You need to report them all.  What do you mean when you receive the funds?  You only report the sale on the date it was sold.  If you don't understand the 1099Bs then ask the broker or company what they did or sold and when.

 

What kind of account?  Is it a retirement or IRA account?  You might be confused with 1099B and 1099R.  

Returning Member
May 29, 2023 2:25:25 PM

I was a stockholder in a company that was sold in 2020.  At the time of the sale, some money was not distributed to the stockholders, but held in escrow while outstanding claims were negotiated.  During 2021 and 2022 money was periodically released from the escrow account and given to the stockholders.  Therefore, I have multiple 1099-B related to the one sale: A 2020 1099-B for the money I initially received with the sale and then 1099-Bs from 2021 and 2022 for the money that were released during those years.  

Level 15
May 29, 2023 2:29:24 PM

Sorry, that is too complicated for me to answer.

Level 15
May 29, 2023 5:37:53 PM

you make it sound like you got a 1099-B for the same amount in both years.

look at your accounts to see what year you received funds; that is the tax year you report the income.

@Liberty456 

Level 15
May 29, 2023 5:42:28 PM

a 1099-B for 2020 that reports income you did no receive need to be corrected by the issuer.

@Liberty456