E-File Form 1099-B Online to Report Proceeds From Broker and Barter Exchange Transactions

As a broker or barter exchange, you may be required to file Form 1099-B for each person involved in a reportable transaction through your services. You must file this form for a person:

• For whom you sold stocks, commodities, regulated futures contracts, foreign currency contracts, forward contracts, debt instruments, options, securities futures contracts, or other specified property for cash, including short sales.
• Who received cash, stock, or other property from a corporation involved in an acquisition of control or substantial change in capital structure that you know or have reason to know is reportable
  on Form 8806.
• Who exchanged property or services through your barter exchange.

These requirements are subject to applicable exceptions for exempt recipients.

Recipient copies are due by February 1, 2027. The IRS filing deadline is March 1, 2027 for paper returns and March 31, 2027 for electronic returns. If any of these dates fall on a weekend or holiday, the deadline moves to the next business day.

Visit 1099-B Deadline to learn more about 1099-B due dates in detail

State filing requirements for Form 1099-B vary by state. Some states participate in the IRS Combined Federal/State Filing Program, which allows the IRS to transmit eligible information returns to participating state tax agencies. Other states may require separate filing.

Check Your State Filing Requirements to determine whether you need to file Form 1099-B with your state.

If your Form 1099-B is rejected or contains incorrect information after filing, you may need to submit a corrected return. The correction method depends on the type of error and whether the original return was filed electronically or on paper.

You must also furnish corrected recipient statements when required.Learn more about Form 1099-B corrections.

The IRS may charge $60 to $340 per return for late or incorrect Form 1099-B filings. Intentional disregard can result in a penalty of $680, with no annual maximum.

The other tiers are capped annually — for returns due in 2027, $244,500 to $1,397,000 for small businesses (average annual gross receipts of $5 million or less) and $698,500 to $4,191,500 for larger filers. Amounts are indexed for inflation each year.

Learn more about 1099-B penalties.

To request an extension, file Form 8809 with the IRS on or before the original due date. This extension isn't automatic and is granted only in specific circumstances, which must be explained on the form. If you need more time to furnish recipient copies specifically, file Form 15397 by the original due date.