1099-B Box D = 0.00

[LB641]

Over the years we have invested in Cd’s at various banks. Bought, Renewed,, Cashed in. Always received a 1099-Int. We received a Tax reporting Statement from our money manager. It has in it as one package 1099’s that we use, and things like a 1099-misc with all zero’s. Useless and not sure why. We also received in it a 1099-B. Never have we received a 1099-B from any bank for a CD. Every section of 1099-B is ZERO. 1b&c has a date. 1d&e have amounts. Box D is zero gain and zero loss.  With all the zeros, why did they issue a 1099-B, and do we have to report, since most all of it is nothing but zeros? And why, do we not receive 1099-B from banks on CD’s. It’s like they just sent us every IRS form, and now that we have it, do we have to report each one in TT?

[SteamTrain]

@LB641 

The 1099-B is sometimes issued for CDs purchased thru a Brokerage, and not directly at your own bank.

I purchased a few that way thru the years, and always received (and entered) the 1099-B as a part of my tax return's data.

I seem to recall, that if the brokerage-purchased CD was for 1 year or less, they didn't issue a 1099-B at maturity...but if it was for more than a year, they did.   That 1 year maturity seemed to be the decision point...at least for Fidelity.   Of course, whoever dealt with the purchase of your CD, they may have a different SOP on issuing the 1099-B.

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Yep, my paper/PDF Fidelity brokerage "Consolidated" 1099-B has a 1099-MISC in it, with all zero's.  No, there is nothing to enter for that, and when I imported my tax forms directly into the software form Fidelity, that import didn't have the 1099-MISC in it either.