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File IRS Form 1099-B Online

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Overview of Form 1099-B

Form 1099-B is used to report proceeds from broker and barter exchange transactions. These transactions are sales made by other parties in the ordinary course of a trade or business that are overseen by the broker reporting on Form 1099-B. When reporting to the IRS, brokers must limit transactions to one per Form 1099-B.

Form 1099-B Filing Deadlines

1099-B Recipient copies

Recipient copies must be mailed
out by

February 15, 2018

1099-B Paper copies

Paper copies must be filed with the
IRS by

February 28, 2018

1099-B Electronic copies

Forms must be e-filed with the IRS by

April 2, 2018



Information Needed to File IRS Form 1099-B Online

  • Payer Info: (Name, Address, TIN, Telephone Number)
  • Recipient Info: (Name, Address, TIN, Account Number)
  • Financial Details of the Sale
  • Description of Property
  • Relevant Dates
  • Costs and Proceeds
  • Federal/State Income Tax Withheld (if any)
  • Realized or Unrealized Profits and Losses
  • Bartering Data (if applicable)
IRS Form 1099-B 2017

Steps to E-File Form 1099-B

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  • Sign into your TaxBandits account (or create one!)
  • Start a Form 1099-B return
  • Add payer details (Name, Address, Federal ID Number)
  • Add recipient details (Name, Address, ID Number)
  • Add transaction details (Description of Property, Relevant Dates, Proceeds, Costs, Tax Info, etc.)
  • Review your order and select whether you'd like your recipient forms mailed for you
  • Add credit card details for the one-time transmittal fee
  • E-file Form 1099-B with the IRS

Form 1099 State Filings

Depending on your state requirements file the Form 1099-B with the applicable state department. If the state is apart of the Combined Federal/State Filing, then the IRS will forward the original and corrected forms to the state free of charge.

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Form 1099-B Late Filing Penalties

  • $50 fine per form for filing within 30 days of the deadline
  • $100 per form for filing after 30 days but before August 1
  • $150 fine per form for forms filed after August 1 or not filed at all

E-file Form 1099-B with TaxBandits to avoid any sort of late filing penalties you can incur from the IRS.

Form 1099-B Corrections

If your 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.

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Form 1099-B Tax Extension

Get an automatic 30-day tax extension

Need more time to file your 1099-B? File tax extension Form 8809 and apply for an automatic 30-day extension of time to file your form.

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Download Our 1099 Mobile App

E-file your 1099 Forms on-the-go

File form 1099-B from your smartphone with the free TaxBandits mobile app available in the App Store and Google Play!

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