Form 1099-B - Proceeds From Broker And Barter Exchange Transactions - 2014 Page 5
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9Instructions for Recipient
Brokers and barter exchanges must report proceeds from (and in some
from regulated futures contracts or Section 1256 option contracts. Report
cases, basis for) transactions to you and the IRS on Form 1099-B.
this amount on Form 8949 or on Schedule D (whichever is applicable) as
Reporting is also required when your broker knows or has reason to know
explained in the instructions for Schedule D.
that a corporation in which you own stock has had a reportable change in
Box 1e. Shows the cost or other basis of securities sold. If the securities
control or capital structure. You may be required to recognize gain from
were acquired through the exercise of a non-compensatory option granted
the receipt of cash, stock, or other property that was exchanged for the
or acquired on or after January 1, 2014, the basis has been adjusted to
corporation’s stock. If your broker reported this type of transaction to you,
reflect your option premium. If the securities were acquired through the
the corporation is identified in box 1a.
exercise of a non-compensatory option granted or acquired before January
Recipient's identification number. For your protection, this form may
1, 2014, your broker is permitted, but not required, to adjust the basis to
show only the last four digits of your social security number (SSN),
reflect your option premium. If the securities were acquired through the
individual taxpayer identification number (ITIN), or adoption taxpayer
exercise of a compensatory option, the basis has not been adjusted to
identification number (ATIN). However, the issuer has reported your
include any amount related to the option that was reported to you on a
complete identification number to the IRS and, where applicable, to state
Form W-2. If box 5 is checked, box 1e may be blank. See the Instructions
and/or local governments.
for Form 8949, Instructions for Schedule D, or Pub. 550 for details.
Account number. May show an account or other unique number the payer
Box 1f. Shows W for wash sale, C for collectibles, or D for market
assigned to distinguish your account.
discount.
CUSIP number. Shows the CUSIP (Committee on Uniform Security
Box 1g. Shows the amount of nondeductible loss in a wash sale
Identification Procedures) number or other applicable identifying number.
transaction or the amount of accrued market discount. For details on wash
sales and market discount, see Schedule D (Form 1040) instructions and
Applicable check box on Form 8949. Indicates where to report this
Pub. 550.
transaction on Form 8949 and Schedule D, and which check box is
applicable. See the instructions for your Schedule D and/or Form 8949.
Box 3. If checked, the basis in box 1e has been reported to the IRS and
one of the check boxes in box 2 must be checked. If box 3 is checked on
Box 1a. Shows a brief description of the item or service for which amounts
Form(s) 1099-B and NO adjustment is required, see instructions for your
are being reported. For regulated futures contracts and forward contracts,
Schedule D as you may be able to report your transaction directly on
“RFC” or other appropriate description may be shown. For Section 1256
Schedule D.
option contracts, "Section 1256 option" or other appropriate description
may be shown. For a corporation that had a reportable change in control
Box 4. Shows backup withholding. Generally, a payer must backup
or capital structure, this box may show the class of stock as C (common),
withhold if you did not furnish your taxpayer identification number to the
P (preferred), or O (other).
payer. See Form W-9 for information on backup withholding. Include this
amount on your income tax return as tax withheld.
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.
Box 5. If checked, the securities sold were noncovered securities and
For aggregate reporting in boxes 8 through 11, no entry will be present.
boxes 1b, 1e, and 2 may be blank. Generally, a noncovered security
means: stock purchased before 2011, stock in most mutual funds
Box 1d. Shows the cash proceeds, reduced by any commissions or
purchased before 2012, stock purchased in or transferred to a dividend
transfer taxes related to the sale, for transactions involving stocks, debt,
reinvestment plan before 2012, debt acquired before 2014, options
commodities, forward contracts, non-Section 1256 option contracts, or
granted or acquired before 2014, and securities futures contracts entered
securities futures contracts. May show the proceeds from the disposition
into before 2014.
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
(Instructions continued on the back of Copy 2.)
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
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