Do i need to enter a 1099-B

marcelom69 — Sat, 01 Jun 2019 06:21:59 GMT

I received a 1099-B form titled "Proceeds from broker & barter exchange transactions". There is no place on this form that lists the sale category. Do I need to enter this form?

Yes, you should report your 1099-B. Brokerage statements...

KenH1 — Sat, 01 Jun 2019 06:22:00 GMT

Yes, you should report your 1099-B.

Brokerage statements will not always report the sales category, even if the information is available right on the 1099-B.

If you held the security less than one year, use code C (short-term, not reported)

If you held the security more than one year, use code F (long-term, not reported)

The IRS is receiving the 1099-B information from the broker, but is relying on you to report the correct category.

Input your 1099-B at:

Federal Taxes > Wages & Income >

Scroll down to Investment Income, then click Show More

Select Start next to Stocks, Mutual Funds, Bonds, Other

topic Do i need to enter a 1099-B in Retirement tax questions

Do i need to enter a 1099-B

Yes, you should report your 1099-B. Brokerage statements...