Federal Proceeds From Broker and Barter Exchange Transactions

Proceeds From Broker and Barter Exchange Transactions
2023 Form 1099-B
Attention:
Copy A of this form is provided for informational purposes only. Copy A appears in red,
similar to the official IRS form. The official printed version of Copy A of this IRS form is
scannable, but the online version of it, printed from this website, is not. Do not print and file
copy A downloaded from this website; a penalty may be imposed for filing with the IRS
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Instructions for Certain Information Returns, available at www.irs.gov/form1099, for more
information about penalties.
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the recipient.
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forms.

7979

VOID

CORRECTED

PAYER’S name, street address, city or town, state or province, country, ZIP
or foreign postal code, and telephone no.

Applicable checkbox on Form 8949

OMB No. 1545-0715

2023
Form 1099-B

Proceeds From
Broker and
Barter Exchange
Transactions

1a Description of property (Example: 100 sh. XYZ Co.)

PAYER’S TIN

RECIPIENT’S TIN

1b Date acquired

1c Date sold or disposed

1d Proceeds

1e Cost or other basis

$
1f Accrued market discount

$

1g Wash sale loss disallowed

$

2 Short-term gain or loss

RECIPIENT’S name

Copy A

$

3 Check if proceeds from:

Long-term gain or loss

Collectibles

Ordinary

QOF

For
Internal Revenue
Service Center
File with Form 1096.

4 Federal income tax withheld 5 Check if noncovered
security

Street address (including apt. no.)

$

6 Reported to IRS:
City or town, state or province, country, and ZIP or foreign postal code

Gross proceeds

7 Check if loss is not allowed
based on amount in 1d

Net proceeds
Account number (see instructions)

2nd TIN not.

8 Profit or (loss) realized in
2023 on closed contracts

$
CUSIP number
14 State name

FATCA filing
requirement
15 State identification no. 16 State tax withheld

$
$
Form 1099-B

Cat. No. 14411V

9 Unrealized profit or (loss) on
open contracts—12/31/2022

$

10 Unrealized profit or (loss) on 11 Aggregate profit or (loss)
open contracts—12/31/2023
on contracts

$

$

12 Check if basis reported to
IRS

13 Bartering

www.irs.gov/Form1099B

For Privacy Act
and Paperwork
Reduction Act
Notice, see the
2023 General
Instructions for
Certain
Information
Returns.

$
Department of the Treasury - Internal Revenue Service

Do Not Cut or Separate Forms on This Page — Do Not Cut or Separate Forms on This Page

VOID

CORRECTED

PAYER’S name, street address, city or town, state or province, country, ZIP
or foreign postal code, and telephone no.

Applicable checkbox on Form 8949

OMB No. 1545-0715

2023
Form 1099-B

Proceeds From
Broker and
Barter Exchange
Transactions

1a Description of property (Example: 100 sh. XYZ Co.)

PAYER’S TIN

RECIPIENT’S TIN

1b Date acquired

1c Date sold or disposed

1d Proceeds

1e Cost or other basis

$

$

1f Accrued market discount

$

$

2 Short-term gain or loss

RECIPIENT’S name

1g Wash sale loss disallowed

Copy 1
For State Tax
Department

3 If checked, proceeds from:

Long-term gain or loss

Collectibles

Ordinary

QOF

4 Federal income tax withheld 5 If checked, noncovered
security

Street address (including apt. no.)

$

6 Reported to IRS:
City or town, state or province, country, and ZIP or foreign postal code

Gross proceeds

7 If checked, loss is not allowed
based on amount in 1d

Net proceeds
8 Profit or (loss) realized in
2023 on closed contracts

Account number (see instructions)
CUSIP number
14 State name

FATCA filing
requirement
15 State identification no. 16 State tax withheld

$
$
Form 1099-B

9 Unrealized profit or (loss) on
open contracts—12/31/2022

$

$

10 Unrealized profit or (loss) on
open contracts—12/31/2023

11 Aggregate profit or (loss)
on contracts

$

$

12 If checked, basis reported
to IRS

13 Bartering

www.irs.gov/Form1099B

$
Department of the Treasury - Internal Revenue Service

CORRECTED (if checked)
PAYER’S name, street address, city or town, state or province, country, ZIP
or foreign postal code, and telephone no.

Applicable checkbox on Form 8949

OMB No. 1545-0715

2023
Form 1099-B

Proceeds From
Broker and
Barter Exchange
Transactions

1a Description of property (Example: 100 sh. XYZ Co.)

PAYER’S TIN

RECIPIENT’S TIN

1b Date acquired

1c Date sold or disposed

1d Proceeds

1e Cost or other basis

$

$

1f Accrued market discount

$

$

6
City or town, state or province, country, and ZIP or foreign postal code
8
Account number (see instructions)

$

14 State name

Form 1099-B

3 If checked, proceeds from:

Long-term gain or loss

Collectibles

Ordinary

QOF

This is important tax
information and is
being furnished to
the IRS. If you are
Reported to IRS:
7 If checked, loss is not allowed
required to file a
based on amount in 1d
Gross proceeds
return, a negligence
penalty or other
Net proceeds
sanction may be
Profit or (loss) realized in
9 Unrealized profit or (loss) on
2023 on closed contracts
open contracts—12/31/2022
imposed on you if
this income is
$
taxable and the IRS
Unrealized profit or (loss) on 11 Aggregate profit or (loss)
determines that it
open contracts—12/31/2023
on contracts
has not been
reported.

4 Federal income tax withheld 5 If checked, noncovered
security

Street address (including apt. no.)

CUSIP number

1g Wash sale loss disallowed

$

2 Short-term gain or loss

RECIPIENT’S name

Copy B
For Recipient

FATCA filing
requirement
15 State identification no. 16 State tax withheld

$
$
(Keep for your records)

10

$

$

12 If checked, basis reported
to IRS
www.irs.gov/Form1099B

13 Bartering

$
Department of the Treasury - Internal Revenue Service

Instructions for Recipient
Brokers and barter exchanges must report proceeds from (and in
some cases, basis for) transactions to you and the IRS on Form
1099-B. Reporting is also required when your broker knows or has
reason to know that a corporation in which you own stock has had a
reportable change in control or capital structure. You may be required
to recognize gain from the receipt of cash, stock, or other property
that was exchanged for the corporation’s stock. If your broker
reported this type of transaction to you, the corporation is identified in
box 1a.
Recipient’s taxpayer identification number (TIN). For your
protection, this form may show only the last four digits of your TIN
(social security number (SSN), individual taxpayer identification
number (ITIN), adoption taxpayer identification number (ATIN), or
employer identification number (EIN)). However, the issuer has
reported your complete TIN to the IRS.
Account number. May show an account or other unique number the
payer assigned to distinguish your account.
CUSIP number. Shows the CUSIP (Committee on Uniform Security
Identification Procedures) number or other applicable identifying
number.
FATCA filing requirement. If the FATCA filing requirement box is
checked, the payer is reporting on this Form 1099 to satisfy its
account reporting requirement under chapter 4 of the Internal
Revenue Code. You may also have a filing requirement. See the
Instructions for Form 8938.
Applicable checkbox on Form 8949. Indicates where to report this
transaction on Form 8949 and Schedule D (Form 1040), and which
checkbox is applicable. See the instructions for your Schedule D
(Form 1040) and/or Form 8949.
Box 1a. Shows a brief description of the item or service for which
amounts are being reported. For regulated futures contracts and
forward contracts, “RFC” or other appropriate description may be
shown. For Section 1256 option contracts, “Section 1256 option” or
other appropriate description may be shown. For a corporation that
had a reportable change in control or capital structure, this box may
show the class of stock as C (common), P (preferred), or O (other).

Box 1b. This box may be blank if box 5 is checked or if the securities
sold were acquired on a variety of dates. For short sales, the date
shown is the date you acquired the security delivered to close the
short sale.
Box 1c. Shows the trade date of the sale or exchange. For short
sales, the date shown is the date the security was delivered to close
the short sale. For aggregate reporting in boxes 8 through 11, no entry
will be present.
Box 1d. Shows the cash proceeds, reduced by any commissions or
transfer taxes related to the sale, for transactions involving stocks,
debt, commodities, forward contracts, non-Section 1256 option
contracts, or securities futures contracts. May show the proceeds
from the disposition of your interest(s) in a widely held fixed
investment trust. May also show the aggregate amount of cash and
the fair market value of any stock or other property received in a
reportable change in control or capital structure arising from the
corporate transfer of property to a foreign corporation. Losses on
forward contracts or non-Section 1256 option contracts are shown in
parentheses. This box does not include proceeds from regulated
futures contracts or Section 1256 option contracts. Report this
amount on Form 8949 or on Schedule D (Form 1040) (whichever is
applicable) as explained in the Instructions for Schedule D (Form
1040).
Box 1e. Shows the cost or other basis of securities sold. If the
securities were acquired through the exercise of a noncompensatory
option granted or acquired on or after January 1, 2014, the basis has
been adjusted to reflect your option premium. If the securities were
acquired through the exercise of a noncompensatory option granted
or acquired before January 1, 2014, your broker is permitted, but not
required, to adjust the basis to reflect your option premium. If the
securities were acquired through the exercise of a compensatory
option, the basis has not been adjusted to include any amount related
to the option that was reported to you on a Form W-2. If box 5 is
checked, box 1e may be blank. See the Instructions for Form 8949,
the Instructions for Schedule D (Form 1040), or Pub. 550 for details.
(Continued on the back of Copy 2.)

CORRECTED (if checked)
PAYER’S name, street address, city or town, state or province, country, ZIP
or foreign postal code, and telephone no.

Applicable checkbox on Form 8949

OMB No. 1545-0715

2023
Form 1099-B

Proceeds From
Broker and
Barter Exchange
Transactions

1a Description of property (Example: 100 sh. XYZ Co.)

PAYER’S TIN

RECIPIENT’S TIN

1b Date acquired

1c Date sold or disposed

1d Proceeds

1e Cost or other basis

$

$

1f Accrued market discount

$

$

2 Short-term gain or loss

RECIPIENT’S name

1g Wash sale loss disallowed
3 If checked, proceeds from:

Long-term gain or loss

Collectibles

Ordinary

QOF

Copy 2
To be filed with
recipient’s state
income tax return,
when required.

4 Federal income tax withheld 5 If checked, noncovered
security

Street address (including apt. no.)

$

6 Reported to IRS:
City or town, state or province, country, and ZIP or foreign postal code

Gross proceeds

7 If checked, loss is not allowed
based on amount in 1d

Net proceeds
8 Profit or (loss) realized in
2023 on closed contracts

Account number (see instructions)

$
CUSIP number
14 State name

FATCA filing
requirement
15 State identification no. 16 State tax withheld

$
$
Form 1099-B

9 Unrealized profit or (loss) on
open contracts—12/31/2022

$

10 Unrealized profit or (loss) on 11 Aggregate profit or (loss)
open contracts—12/31/2023
on contracts

$

$

12 If checked, basis reported
to IRS

13 Bartering

www.irs.gov/Form1099B

$
Department of the Treasury - Internal Revenue Service

Instructions for Recipient (continued)
Box 1f. Shows the amount of accrued market discount. For details on
market discount, see the Schedule D (Form 1040) instructions, the
Instructions for Form 8949, and Pub. 550. If box 5 is checked, box 1f
may be blank.
Box 1g. Shows the amount of nondeductible loss in a wash sale
transaction. For details on wash sales, see the Schedule D (Form
1040) instructions, the Instructions for Form 8949, and Pub. 550. If
box 5 is checked, box 1g may be blank.
Box 2. The short-term and long-term boxes pertain to short-term gain
or loss and long-term gain or loss. If the “Ordinary” box is checked,
your security may be subject to special rules. For example, gain on a
contingent payment debt instrument subject to the noncontingent
bond method is generally treated as ordinary interest income rather
than as capital gain. See the Instructions for Form 8949, Pub. 550, or
Pub. 1212 for more details on whether there are any special rules or
adjustments that might apply to your security. If box 5 is checked, box
2 may be blank.
Box 3. If checked, proceeds are from a transaction involving
collectibles or from a Qualified Opportunity Fund (QOF).
Box 4. Shows backup withholding. Generally, a payer must backup
withhold if you did not furnish your TIN to the payer. See Form W-9 for
information on backup withholding. Include this amount on your
income tax return as tax withheld.
Box 5. If checked, the securities sold were noncovered securities and
boxes 1b, 1e, 1f, 1g, and 2 may be blank. Generally, a noncovered
security means (a) stock purchased before 2011, (b) stock in most
mutual funds purchased before 2012, (c) stock purchased in or
transferred to a dividend reinvestment plan before 2012, (d) debt
acquired before 2014, (e) options granted or acquired before 2014,
and (f) securities futures contracts executed before 2014.
Box 6. If the exercise of a noncompensatory option resulted in a sale
of a security, a checked “Net proceeds” box indicates whether the
amount in box 1d was adjusted for option premium.
Box 7. If checked, you cannot take a loss on your tax return based on
gross proceeds from a reportable change in control or capital

structure reported in box 1d. See the Form 8949 and Schedule D
(Form 1040) instructions. The broker should advise you of any losses
on a separate statement.
Regulated Futures Contracts, Foreign Currency Contracts, and
Section 1256 Option Contracts (Boxes 8 Through 11)
Box 8. Shows the profit or (loss) realized on regulated futures, foreign
currency, or Section 1256 option contracts closed during 2023.
Box 9. Shows any year-end adjustment to the profit or (loss) shown in
box 8 due to open contracts on December 31, 2022.
Box 10. Shows the unrealized profit or (loss) on open contracts held in
your account on December 31, 2023. These are considered closed
out as of that date. This will become an adjustment reported as
unrealized profit or (loss) on open contracts—12/31/2023 in 2024.
Box 11. Boxes 8, 9, and 10 are all used to figure the aggregate profit
or (loss) on regulated futures, foreign currency, or Section 1256 option
contracts for the year. Include this amount on your 2023 Form 6781.
Box 12. If checked, the basis in box 1e has been reported to the IRS
and either the short-term or the long-term gain or loss box in box 2
will be checked. If box 12 is checked on Form(s) 1099-B and NO
adjustment is required, see the instructions for your Schedule D (Form
1040) as you may be able to report your transaction directly on
Schedule D (Form 1040). If the “Ordinary” box in box 2 is checked, an
adjustment may be required.
Box 13. Shows the cash you received, the fair market value of any
property or services you received, and the fair market value of any
trade credits or scrip credited to your account by a barter exchange.
See Pub. 525.
Boxes 14–16. Show state(s)/local income tax information.
Future developments. For the latest information about any
developments related to Form 1099-B and its instructions, such as
legislation enacted after they were published, go to
www.irs.gov/Form1099B.
Free File Program. Go to www.irs.gov/FreeFile to see if you qualify
for no-cost online federal tax preparation, e-filing, and direct deposit
or payment options.