The Deadline to E-file Form (formType) is March 31, 2025.E-File Now
E-File Form 1099-B Online
A simple solution for brokers or barter exchanges to file 1099-B with the IRS and distribute recipient copies.
A Comprehensive Solution for Form 1099-B Filing
- Multiple Data Import Options
- Supports Federal, State Filing, and Corrections
- Deliver Recipient Copies by Mail or Online
- AI-powered Assistance & World-Class Support
Powerful PRO Features for
Tax Professionals
- Comprehensive Client Management
- Streamlined Team Management
- Insightful Reports
Benefits of using TaxBandits to E-file 1099-B
Check out the many robust features that make TaxBandits your perfect solution for filing 1099-B online
How to E-file 1099-B
Exclusive Pro Features for Tax Professionals
Improve your tax filing process and streamline workflows with premium features specifically developed for tax professionals.
Team Management
Enhanced team management feature where you can invite unlimited team members, assign them pre-defined roles, and delegate 1099-B filings for specific clients.
Client Management
Enable BanditConnect(client management), a secure portal customized with your own brand, facilitating seamless collaboration, data exchange, and document sharing with your clients.
Custom Reports
Unlock the potential of your team's performance by accessing comprehensive reports that provide valuable insights into team dynamics and client filings. Use in-depth analytics to make informed decisions and boost productivity.
Contact our team at (704) 684-4758 to explore custom pricing options for high-volume filing!
Information Required to File Form 1099-B Electronically
Discover the essential information required for filing Form 1099-B electronically.
Payer Information
Name, TIN, and Address
Recipient Information
Name, TIN, Address, and Account Number
Transaction Information:
- Description of Property
- Date of acquisition and sale or exchange
- Proceeds, Cost or Other Basis
- Accrued market discount
- Short-term or long-term gain or loss
- Wash sale loss disallowed
- Proceeds from collectibles or QOF(Qualified Opportunity Funds)
- Realized or Unrealized Profits and Losses
Federal Income Tax Withheld (if any)
Bartering Information (if applicable)
State Filing Information
State Abbreviation, payer’s state identification number, and state income tax withheld.
Learn More
Start filing your 1099-B tax returns with TaxBandits.
How to E-file Form 1099-B Online for 2024 with TaxBandits?
TaxBandits offers you flexible options to complete 1099-B filing. Simply choose your preferred data import method and file with ease.
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Step 1: Enter Form Data
Fill out your 1099-B form by entering the required information in the respective fields.
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Step 2: Complete State Information
Provide state-specific information on Form 1099-B. Complete the Reconciliation Form if required.
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Step 3: Choose Distribution Options
Choose how to deliver recipient copies: Postal Mail, Online Access, or Both.
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Step 4: Review and Transmit to the IRS
Review the form summary and transmit it to the IRS and state agencies.
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Step 4: Review and Transmit to the IRS
Review the form summary and transmit it to the IRS and state agencies.
We'll send you email updates regarding the status of your forms. You can also track the status directly from your Dashboard.
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Step 1: Choose Import Method
Use our standard CSV template, upload your own file data.
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Step 2: Review Import Summary
Our system will generate your 1099-B based on the imported data. You can review the data and make changes as needed.
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Step 3: Opt for State Filing and Distribution
Complete state-specific information on Form 1099-B and the Reconciliation form if needed. Then, choose form distribution options — Postal Mail, Online Access, or Both.
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Step 4: Review and Transmit to the IRS
Review the form summary and transmit it to the IRS and state agencies.
We'll send you email updates regarding the status of your forms. You can also track the status directly from your Dashboard.
Ready to E-file Form 1099-B with the IRS and States?
How to E-file 1099-B
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Frequently Asked Questions to File 1099-B Online
What is Form 1099-B?
Form 1099-B reports proceeds from broker and barter exchange transactions throughout the tax year. It must be filed with the IRS, and recipient copies must be distributed to each person who made a sale or exchange through a broker.
Want to know how to complete Form 1099-B? Here are the step-by-step
instructions for Form 1099-B.
Who must file Form 1099-B?
As a broker or barter exchange, you are responsible for filing Form 1099-B for each person who has conducted specific financial transactions through your services. You must file this form for any individual:
- For whom you’ve sold stocks, commodities, regulated futures contracts, foreign currency contracts, options, or other securities for cash, including short sales.
- Who received cash, stock, or other property from a company that was taken over by another company (acquisition of control) or went through a big change in its structure (like a merger or reorganization) need to report this. You must file this information with the IRS using Form 1099-B if you know, or have a reason to believe, that the company had one of these significant changes. These changes are also reported on Form 8806, which tracks such corporate events.
- Who has exchanged property or services through your barter exchange.
When is the deadline to file Form 1099-B for the 2024 tax year?
- The due date to file Form 1099-B electronically is
March 31, 2025. - If you file the 1099-B Form on paper, the due date is
February 28, 2025. - The due date to distribute the recipient copy is
February 18, 2025.
Visit https://www.taxbandits.com/1099-forms/form-1099-b-deadline/ to know more about
1099-B Due dates
Is It Required To File Form 1099-B With The State?
Depends on your state requirements, sometimes you need to file the 1099 B Tax Form with the state department as well. If your state is a part of the Combined Federal/State Filing program, the IRS will forward your returns directly to your state free of charge. Check Your State Filing Requirements.
How to Correct Errors on Form 1099-B?
If your IRS Form 1099-B is rejected or you notice an error on an already filed 1099-B Form, you'll need to correct it as soon as possible. Corrections can be made electronically or on paper. If the error is part of the transferor's data, a corrected copy of Form 1099-B will need to be sent to them as well.
Learn More to know about Form 1099-B correction.
What are the penalties for not filing Form 1099-B?
If you fail to file and furnish Form 1099-B within the specified deadlines, the IRS will impose penalties ranging between
$60 and $660, depending on your business size and the delayed period.
Click here to learn about 1099-B Penalties.
How to Get an Extension on IRS Form 1099 B?
Need more time to prepare your 1099-B return? Get an automatic 30-day extension of time to file your 1099-B Form by filing tax extension Form 8809. It takes just a few minutes to file.
Learn More about Form 1099 Extensions.
Helpful Resources for Filing 1099-B Online
What is Form 1099-B?
Form 1099-B Instructions
Form 1099 Correction
