Form 1099-B - Proceeds From Broker And Barter Exchange Transactions

Instructions for Recipient

Box 3. Shows the cost or other basis of securities sold. If box 6a is checked,

Brokers and barter exchanges must report proceeds from transactions to you

box 3 may be blank. See the Form 8949 instructions, Schedule D instructions, or

and the IRS on Form 1099-B. Reporting is also required when your broker

Pub. 550 for details.

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

Box 4. Shows backup withholding. Generally, a payer must backup withhold if

recognize gain from the receipt of cash, stock, or other property that was

you did not furnish your taxpayer identification number to the payer. See Form

exchanged for the corporation’s stock. If your broker reported this type of

W-9 for information on backup withholding. Include this amount on your income

transaction to you, the corporation is identified in box 8.

tax return as tax withheld.

Recipient's identification number. For your protection, this form may show

Box 5. Shows the amount of nondeductible loss in a wash sale transaction. For

only the last four digits of your social security number (SSN), individual taxpayer

details on wash sales, see the Schedule D (Form 1040) instructions and Pub.

identification number (ITIN), or adoption taxpayer identification number (ATIN).

550.

However, the issuer has reported your complete identification number to the IRS

Box 6a. If checked, the securities sold were noncovered securities and boxes

and, where applicable, to state and/or local governments.

1b, 1c, 3, and 5 may be blank. Generally, a noncovered security means: a

Account number. May show an account or other unique number the payer

security other than stock; stock purchased before 2011; stock in most mutual

assigned to distinguish your account.

funds and other regulated investment companies purchased before 2012; and

stock purchased in or transferred to a dividend reinvestment plan before 2012.

CUSIP number. For broker transactions, may show the CUSIP (Committee on

Uniform Security Identification Procedures) number or other applicable

Box 6b. If checked, the basis in box 3 has been reported to the IRS. If box 6b is

identifying number of the item reported.

checked on Form(s) 1099-B and NO adjustment is required, see the instructions

for your Schedule D.

Box 1a. 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

Box 7. Shows the cash you received, the fair market value of any property or

aggregate reporting in boxes 9 through 12, no entry will be present.

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.

Box 1b. This box may be blank if box 6a is checked or if the securities sold were

acquired on a variety of dates. For short sales, the date shown is the date you

Box 8. Shows a brief description of the item or service for which the proceeds

acquired the security delivered to close the short sale.

or bartering income is being reported. For regulated futures contracts and

forward contracts, “RFC” or other appropriate description may be shown. For a

Box 2a. Shows the aggregate cash proceeds from transactions involving

corporation that had a reportable change in control or capital structure, this box

stocks, bonds, other debt obligations, commodities, or forward contracts. May

may show the class of stock as C (common), P (preferred), or O (other).

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

Regulated Futures Contracts (Boxes 9 Through 12):

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

Box 9. Shows the profit or (loss) realized on regulated futures or foreign

foreign corporation. Losses on forward contracts are shown in parentheses. This

currency contracts closed during 2013.

box does not include proceeds from regulated futures contracts. The broker

Box 10. Shows any year-end adjustment to the profit or (loss) shown in box 9

must indicate whether the sales price or the sales price less commissions

due to open contracts on December 31, 2012.

(including transfer taxes) and option premiums was reported to the IRS. Report

Box 11. Shows the unrealized profit or (loss) on open contracts held in your

this amount on Form 8949 or on Schedule D (whichever is applicable) as

account on December 31, 2013. These are considered closed out as of that

explained in the instructions for Schedule D.

date. This will become an adjustment reported as unrealized profit or (loss) on

Box 2b. If checked, you cannot take a loss on your tax return based on gross

open contracts-12/31/2013 in 2014.

proceeds from a reportable change in control or capital structure reported in

Box 12. Boxes 9, 10, and 11 are all used to figure the aggregate profit or (loss)

box 2a. Do not report this loss on Form 8949 or Schedule D. The broker should

on regulated futures or foreign currency contracts for the year. Include this

advise you of any losses on a separate statement.

amount on your 2013 Form 6781.

Boxes 13-15. Shows state income tax withheld.

Form 1099-B - Proceeds From Broker And Barter Exchange Transactions - 2013 Page 4

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