Broker and Barter Exchange Transaction Reporting (IRS Form 1099-B): Guidance for Completing, Filing, and Amending

Summary

This practice note guides practitioners on how to complete, file, and amend Internal Revenue Service (IRS) Form 1099-B, Broker and Barter Exchange Transaction Reporting. Brokerages have historically used Form 1099-B to report the sale of securities to the IRS. The practice note contains a sample fact pattern and filled-in Form 1099-B to assist the practitioner in understanding the innerworkings of the form. The practice note concludes with key takeaways and recent guidance involving Form 1099-B and digital assets.