# Form 1099-B

URL: https://pdf.net/pdf-forms/tax-forms/form-1099-b
Category: Tax Forms
Attributes: Official IRS form, Trusted by accountants

IRS Form 1099-B is used to report proceeds from broker and barter exchange transactions.

Whether you’re a broker or barter exchange, you can use our editable Form 1099-B to complete your filing without delays. Fill out online and report a taxpayer's gains and losses to the IRS in no time.

## Versions

- 2025 — [download PDF](https://cdn.sanity.io/files/i16te7yp/production/cb3da29dbe03027e736ae253bd6a75716bb458bb.pdf)

## How to Fill Out Form 1099-B

1. Open the editable Form 1099-B.
2. Enter broker or payer details, including name, address, and Tax Identification Number (TIN).
3. Add recipient information, such as taxpayer name, address, and Social Security Number (SSN).
4. Report transaction details, including sale date, proceeds, cost basis, and whether the gain or loss is short-term or long-term.
5. Include any federal income tax withheld if applicable.
6. Review and submit.

## Facts

### What Is Form 1099-B Used For?

Form 1099-B is used to** **report proceeds from broker and barter exchange transactions, including stocks, bonds, and other securities. It helps the IRS track capital gains and losses so taxpayers can accurately report investment income on their tax returns.

Recipients use the information on Form 1099-B to complete Form 8949 and Schedule D when filing their annual tax return, where capital gains and losses are calculated and reported.

### Who Should Use Form 1099-B?

Brokerage firms, barter exchanges, and similar financial institutions must use Form 1099-B to report customer transactions. Individual investors receive the form to help them report capital gains, losses, and other proceeds accurately when filing their annual tax returns.

### When Is Form 1099-B Due?

Form 1099-B due date with the IRS is February 28th for paper filings and March 31st for electronic filings. If this date falls on a weekend or federal holiday, the deadline shifts to the next business day. However, Form 1099-B copies must be provided to recipients** **earlier, i.e.** **by February 15th following the tax year.

### What Happens If Form 1099-B Is Not Submitted?

If Form 1099-B is not submitted, it can lead to IRS penalties for the filer, delayed or inaccurate tax reporting, and potential compliance issues. Also,** **missed filings may trigger IRS notices or audits, especially if reported investment transactions do not match taxpayer returns, requiring corrections or additional documentation.

### How and Where Do I File Form 1099-B?

Form 1099-B is filed with the IRS and provided to taxpayers by brokerage firms or financial institutions. Filing can be done electronically or by mail to the appropriate IRS processing center. If you are required to submit 10 or more information returns in a year, electronic filing is mandatory.