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.
Recipient copies must be mailed
Paper copies must be filed with the
Forms must be e-filed with the IRS by
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.Learn More
E-file Form 1099-B with TaxBandits to avoid any sort of late filing penalties you can incur from the IRS.
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.Learn More
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.Learn More