2018 1099-B irs-authorized efile provider

E-file 2019 Form 1099-B with our Online Software

Form 1099-B E-file deadline is March 31, 2020.
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What is 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).

The business that participates in the barter exchange with another commercial entity also required to file Form 1099-B to report changes in capital structure or acquisition of control. A copy of the form must be sent to the respective individuals who sell stocks or are involved in barter exchange.

Note: You must report each transaction on individual 1099-B Form. Brokers who use substitute statements might be able to report Form 1099-B (for any stock sale), Form 1099-INT (if any interest is earned) and Form 1099-DIV (if any foreign taxes paid) on a single substitute statement.

Are you ready to report your 1099-B Form? With our 1099 software, you can have your return finished in minutes! Start E-filing Now

Form 1099-B 2019 Tax Year Filing Deadline

1099-B Recipient copies

Recipient copies must be mailed by

February 15, 2020

1099-B Paper copies

Paper copies must be filed with the IRS by

February 28, 2020

1099-B Electronic copies

Forms must be e-filed with the IRS by

March 31, 2020

Information Required to File Form 1099-B

  • Payer Info: (Name, Address, TIN, Telephone Number)
  • Recipient Info: (Name, Address, TIN, Account Number)
  • Financial Details of the Sale
    1. Description of Property with Relevant Dates and Proceeds
    2. Realized or Unrealized Profits and Losses
  • Bartering Information (if applicable)
  • Federal/State Income Tax Withheld (if any)

TaxBandits makes filing Form 1099-B easy when you have the required reporting information readily available.

How to E-file Form 1099-B with our software?

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  • Create a free TaxBandits account
  • Choose Form 1099-B
  • 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.)
  • Enter federal/state withholding information, if any
  • Review Form Summary, Pay & Transmit your 1099-B return to the IRS

While filing your 1099-B return with our software, you also have the option to postal mail copies to your recipients. Simply select the postal mail option and we will take care of the rest!

Form 1099 State Filing Requirements

Depending upon your state requirements, sometimes you need to file the 1099-B 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.

Note: Some states mandate direct filing of 1099-Forms with the state agency. Check with the filing requirements of your state and file your 1099 forms on time.

Filing Extension for 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

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. Learn More

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E-file your 1099-B Form on-the-go

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

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