The IRS mandates e-filing when you file 10 or more tax returns for the 2023 tax year.
E-File Now

How to E-file Form 1099-B Online for 2023 with TaxBandits?

TaxBandits for Every Business
Choose Form 1099-B

Get started by selecting the Form 1099-B and choosing the relevant tax year. With TaxBandits you can enjoy the flexibility to file for current and previous tax years effortlessly.

Enter Form 1099-B Details

Fill-in the necessary details onto the Form 1099-B, either manually or through the convenient bulk upload feature, using custom CSV/Excel templates.

Review Form 1099-B Information

Review the entered information on the Form 1099-B and make necessary changes if needed. TaxBandits will validate your returns against IRS business rules for accurate filing.

Transmit your Form 1099-B to the IRS

Once you've reviewed the form, easily transmit the finalized Form 1099-B to the IRS and states. TaxBandits support e-filing for both the IRS and State authorities.

Deliver Recipient Copy(Online/Postal)

Opt for the distribution of your recipient copies through either postal mailing or online access. Allow TaxBandits to efficiently handle the distribution of your recipient copies on your behalf.

What Information is Required to File Form 1099-B Electronically?

TaxBandits for Every Business 2023 IRS Form 1099-B
  • 1. Payer Info: (Name, Address, TIN, Telephone Number)
  • 2. Recipient Info: (Name, Address, TIN, Account Number)
  • 3. Financial Details of the Sale
    • i. Description of Property with Relevant Dates and Proceeds
    • ii. Realized or Unrealized Profits and Losses
  • 4. Bartering Information (if applicable)
  • 5. Federal/State Income Tax Withheld (if any)

Start filing your 1099-B tax returns with TaxBandits.

Businesses and Tax Professionals Trust TaxBandits’ Amazing Features

State Filing

State Filings

Quickly and easily e-file your State 1099 Forms along with any State Recon/Transmittal Forms that you may need.

Postal Mail & Online Access

Postal Mail

TaxBandits delivers your recipient copies by postal mail.

FIRE File Upload

Online Access

TaxBandits allows the Employees/Recipients to View & Download the copies of their 1099 Form through a secured online access portal.

Bulk Upload

Bulk Upload

Make use of our bulk upload template and simplify the time taken in manually uploading your 1099 Form data.

Success Starts with TaxBandits

The Smart Choice of every 1099 Filers

Frequently Asked Questions

What is Federal Form 1099-B?

Form 1099-B is usually filed by the broker or barter exchange to report proceeds made from broker or barter exchange transactions. This form lists the gain or loss of all transactions made through the brokers for whom they sold stocks, bonds, commodities, mutual funds, securities, future contracts, etc.

Form 1099-B also includes the details of investment which includes information about the description of the property, date acquired, date sold, and its associated gain or loss along with federal tax withheld, if any (made by the broker).

Want to know how to complete Form 1099-B? Here are the step by step Form 1099-B Instructions.

When is the due date for Form 1099-B?

For the 2023 Tax Year, February 15, 2024 is the due date to distribute Recipient copies, February 28, 2024 is the due date to Paper file with the IRS and April 1, 2024 is the due date to file Form 1099-B electronically.

Visit 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 your 1099-B Form on time, you will be faced with expensive penalties from the IRS. Penalties will occur for each return that you are responsible for filing. Click here to know 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.

Frequently Asked Questions
TaxBandits for Every Business

Success Starts with TaxBandits

The Smart Business Owners Choice