Instructions For Form 1099-B - 2018 (Page 11 of 11) in pdf

You are checking box 5 but are reporting basis to the

Box 9. Unrealized Profit or (Loss) on Open

IRS in box 1e anyway.

Contracts—12/31/2017

Enter the unrealized profit or (loss) on open regulated

Box 4. Federal Income Tax Withheld

futures, foreign currency, or Section 1256 option contracts

Enter backup withholding. For example, persons who

at the end of 2017. Do not include amounts related to

have not furnished their TIN to you in the manner required

contracts that were open on 12/31/16 and were

are subject to withholding on certain amounts required to

transferred to another broker during 2017.

be reported on this form. This is called backup

withholding. For more information on backup withholding,

Box 10. Unrealized Profit or (Loss) on Open

including the rate, see part N in the 2018 General

Contracts—12/31/2018

Instructions for Certain Information Returns and go to

Enter the unrealized profit or (loss) on open regulated

IRS.gov/Form1099B.

futures, foreign currency, or Section 1256 option contracts

at the end of 2018.

Use Form W-9 to request the TIN of the recipient. For

foreign recipients, request the recipient complete the

appropriate Form W-8. See the Instructions for the

Box 11. Aggregate Profit or (Loss) on Contracts

Requester of Forms W-8BEN, W-8BEN-E, W-8ECI,

Enter the aggregate profit or (loss) for the year from

W-8EXP, and W-8IMY.

regulated futures, foreign currency, or Section 1256

option contracts. Use boxes 8, 9, and 10 to figure the

Box 5. Check if a Noncovered Security

aggregate profit or (loss).

You may check the box if reporting the sale of a

noncovered security. Do not check this box if reporting the

Box 12. Check if Proceeds Are From Collectibles

sale of a covered security.

Check the box if the proceeds you are reporting in box 1d

are from a transaction involving collectibles.

If you check this box, you do not have to complete

boxes 1b, 1e, 1f, 1g, and 2, and you do not have to check

Box 13. Bartering

box 3. If you check box 5 and choose to complete boxes

1b, 1e, 1f, 1g, and 2, you are not subject to penalties

Enter the gross amounts received by a member or client

under section 6721 or 6722 for failure to report boxes 1b,

of a barter exchange. This includes cash received, the

1e, 1f, 1g, and 2 correctly. If you do not check box 5, you

FMV of any property or services received, and the FMV of

are subject to penalties under sections 6721 and 6722 for

any trade credits or scrip credited to the member's or

failure to report boxes 1b, 1e, 1f, 1g, and 2 correctly even

client's account. However, do not include amounts

if you are reporting the sale of a noncovered security.

received by a member or client in a subsequent exchange

of credits or scrip. Do not report negative amounts.

Box 6. Reported to IRS

Boxes 14 Through 16. State Information

See

Box 1d.

Proceeds, earlier.

These boxes may be used by filers who participate in the

Box 7. Check if Loss Not Allowed Based on

Combined Federal/State Filing Program and/or who are

required to file paper copies of this form with a state tax

Amount in Box 1d

department. See Pub. 1220 for more information

See

Acquisition of control or substantial change in capital

regarding the Combined Federal/State Filing Program.

structure, earlier.

They are provided for your convenience only and need

not be completed for the IRS. Use the state information

Regulated Futures Contracts, Foreign Currency

boxes to report payments for up to two states. Keep the

Contracts, and Section 1256 Option Contracts

information for each state separated by the dash line. If

(Boxes 8 Through 11)—Brokers Only

you withheld state income tax on this payment, you may

If you complete boxes 8 through 11, do not complete any

enter it in box 16. In box 14, enter the abbreviated name of

other numbered box except box 1a and, if applicable,

the state. In box 15, enter the filer's state identification

box 4. Also, do not complete the “Applicable check box on

number. The state number is the filer's identification

Form 8949” box.

number assigned by the individual state.

If a state tax department requires that you send them a

Box 8. Profit or (Loss) Realized in 2018 on Closed

paper copy of this form, use Copy 1 to provide information

Contracts

to the state tax department. Give Copy 2 to the payee for

Enter the profit or (loss) realized by the customer on

use in filing the payee's state income tax return.

closed regulated futures, foreign currency, or Section

1256 option contracts in 2018.

-11-

Instructions for Form 1099-B (2018)

Instructions For Form 1099-B - 2018 Page 11

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