Instructions For Form 1099-B - 2017 (Page 11 of 11) in pdf

at the end of 2016. Do not include amounts related to

Box 4. Federal Income Tax Withheld

contracts that were open on 12/31/15 and were

Enter backup withholding. For example, persons who

transferred to another broker during 2016.

have not furnished their TIN to you in the manner required

are subject to withholding on certain amounts required to

Box 10. Unrealized Profit or (Loss) on Open

be reported on this form. This is called backup

Contracts—12/31/2017

withholding. For more information on backup withholding,

including the rate, see part N in the 2017 General

Enter the unrealized profit or (loss) on open regulated

Instructions for Certain Information Returns and go to

futures, foreign currency, or Section 1256 option contracts

at the end of 2017.

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

Box 11. Aggregate Profit or (Loss) on Contracts

foreign recipients, request the recipient complete the

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

appropriate Form W-8. See the Instructions for the

regulated futures, foreign currency, or Section 1256

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

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

W-8EXP, and W-8IMY.

aggregate profit or (loss).

Box 5. Check if a Noncovered Security

Box 12. Check if Proceeds Are From Collectibles

You may check the box if reporting the sale of a

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

noncovered security. Do not check this box if reporting the

are from a transaction involving collectibles.

sale of a covered security.

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

Box 13. Bartering

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

Enter the gross amounts received by a member or client

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

of a barter exchange. This includes cash received, the fair

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

market value of any property or services received, and the

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

fair market value of any trade credits or scrip credited to

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

the member's or client's account. However, do not include

are subject to penalties under sections 6721 and 6722 for

amounts received by a member or client in a subsequent

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

exchange of credits or scrip. Do not report negative

if you are reporting the sale of a noncovered security.

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

Combined Federal/State Filing Program and/or who are

Box 7. Check if Loss Not Allowed Based on

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

you withheld state income tax on this payment, you may

(Boxes 8 Through 11)—Brokers Only

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

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

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

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

number. The state number is the filer's identification

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

number assigned by the individual state.

Form 8949” box.

If a state tax department requires that you send them a

Box 8. Profit or (Loss) Realized in 2017 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

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

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

closed regulated futures, foreign currency, or Section

1256 option contracts in 2017.

Box 9. Unrealized Profit or (Loss) on Open

Contracts—12/31/2016

Enter the unrealized profit or (loss) on open regulated

futures, foreign currency, or Section 1256 option contracts

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Instructions for Form 1099-B (2017)

Instructions For Form 1099-B - 2017 Page 11

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