File 1099-B Online for 2026 Tax Year

What is form 1099-B?

A form issued by a broker or barter exchange that summarizes the proceeds of all stock transactions. The sale of a stock will be accompanied by a gain or loss, which must be reported to the IRS when you file your taxes. Specifically, figures from form 1099-B are used on IRS Form 1040, Schedule D. For example, let's assume you sold several stocks within the last year and the proceeds of the transactions equal a capital gain of $20,000. The amount gained from the sale of the stocks will be issued in form 1099-B by your broker and this amount must be included when you file your income taxes.

Who is supposed to file form 1099-B?

A broker or barter exchange must file Form 1099-B, Proceeds From Broker and Barter Exchange Transactions, for each person:

• For whom the broker has sold (including short sales) stocks, bonds, commodities, regulated futures contracts, foreign currency contracts (pursuant to a forward contract or regulated futures contract), forward contracts, debt instruments, etc., for cash,
• Who received cash, stock, or other property from a corporation that the broker knows or has reason to know has had its stock acquired in an acquisition of control or had a substantial change in capital structure reportable on Form 8806, or
• Who exchanged property or services through a barter exchange.

Exceptions to file form 1099-B

Brokers are not required to file, but may file, Form 1099-B for the following.

• Sales for exempt recipients, including corporations, charitable organizations, IRAs, Archer MSAs, health savings accounts (HSAs), the United States, a state, or political subdivisions.
• Sales initiated by dealers in securities and financial institutions.
• Sales by custodians and trustees, provided the sale is reported on a properly filed Form 1041, U.S. Income Tax Return for Estates and Trusts.
• Sales at issue price of interests in certain regulated investment companies

Obligor payments on:

1. Nontransferable obligations, such as savings bonds or CDs.
2. Obligations for which gross proceeds are reported on other Forms 1099, such as stripped coupons issued before July 1, 1982.
3. Retirement of short-term obligations with original issue discount that is reported on Form 1099-INT, Interest Income.
4. However, Form 1099-B is required for the retirement of short-term state obligations having no original issue discount.
5. Callable demand obligations that have no premium or discount.

• Sales of foreign currency unless under a forward or regulated futures contract that requires delivery of foreign currency
• Sales of fractional shares of stock if gross proceeds are less than $20.
• Retirements of book-entry or registered form obligations if no interim transfers have occurred.
• Sales for exempt foreign persons as defined in Regulations section 1.6045-1(g)(1).
• Sales of Commodity Credit Corporation certificates.
• Spot or forward sales of agricultural commodities.
• Some sales of precious metals.
• Grants or purchases of options, exercises of call options, or entering into contracts that require delivery of personal property or an interest therein.

For more information visit: https://www.irs.gov/instructions/i1099b/index.html