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Paul Tracy

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Prior to starting InvestingAnswers, Paul founded and managed one of the most influential investment research firms in America, with more than 2 million monthly readers. While there, Paul authored and edited thousands of financial research briefs, was published on Nasdaq. com, Yahoo Finance, and dozens of other prominent media outlets, and appeared as a guest expert at prominent radio shows and i...

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Updated August 5, 2020

What is Form 1099-B?

Form 1099-B is useful for reporting and calculating taxes that apply to capital gains. For instance, the form will disclose the proceeds of the sale and how much of those proceeds are capital gains, as well as whether those gains are long-term or short-term in nature (this affects the taxability of the gain). Brokerage firms must send the forms to taxpayers by January 31 of each year.

How Does Form 1099-B Work?

Let's say John Doe sells 1,000 shares of Company XYZ out of his Charles Schwab account. The brokerage firm gives him (and the IRS) a Form 1099-B, which shows what was sold and the proceeds from the transaction. John uses this form when he files his tax return at the end of the year.

Why Does Form 1099-B Matter?

A Form 1099-B is an IRS form used to report the sale of stocks, mutual funds and other securities.

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At InvestingAnswers, all of our content is verified for accuracy by Paul Tracy and our team of certified financial experts. We pride ourselves on quality, research, and transparency, and we value your feedback. Below you'll find answers to some of the most common reader questions about Form 1099-B.
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Paul has been a respected figure in the financial markets for more than two decades. Prior to starting InvestingAnswers, Paul founded and managed one of the most influential investment research firms in America, with more than 2 million monthly readers.

If you have a question about Form 1099-B, then please ask Paul.

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