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1099-B Form

Form 1099-B is a tax form issued by the Internal Revenue Service. Form 1099-B is sent to individual investors by the broker that handled the transaction to report gains and losses from the sale of stocks, bonds, derivatives, or other securities. Information from Form 1099-B is used to fill out your income tax return form under Schedule D and Form 8949, if applicable. Form 1099-B is primarily concerned with identifying tax lots and determining capital gains taxes or capital gains losses from the sale of assets, including both short and long-term capital gains tax.

Form 1099-B can also be used to report barter exchange transactions, which are transactions that are based on an agreement to trade property or services without a trade of currency.

Notice: River Financial does not provide investment, financial, tax, or legal advice. The information provided is general and illustrative in nature and therefore is not intended to provide, and should not be relied on for, tax advice. We encourage you to consult the appropriate tax professional to understand your personal tax circumstances.