Personal Finance & Money Stack Exchange
Personal Finance & Money Stack Exchange

Questions tagged [1099-b]

21 questions
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Difference between 1099-DIV and 1099-B forms

I was wondering about the differences between 1099-DIV and 1099-B forms. In the case of mutual funds, Is 1099-DIV for reporting investment income due to trading of the securities in a mutual fund, instead of trading of the fund shares by the…
Tim
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My stock broker gave me two 1099-Bs. Should I file two Schedule-Ds?

Robinhood is my broker and this year I decided to file my Federal and state taxes by myself. Robinhood gave me two 1099-Bs for last year. Half of my transactions are on one 1099-B and the other half on the other. I don't need to fill out 8949 as…
Aditya
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Taxes on Income from an Employee Stock Purchase Plan?

My employer offers an ESPP which allows us to purchase company stock at a 5% discount. I signed up for the plan, but was not interested in holding on to the shares for long, so I sold as soon as I acquired the shares for a ~5% gain, which translated…
user19035
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Does an RSU vesting event with shares that were sold at vesting always generate a 1099-B document?

I'm facing a dilemma with the IRS on account of some RSUs that vested back in 2022. Apparently my broker didn't communicate the cost basis to the IRS and with a fraction of the shares being sold to cover the ordinary income tax the IRS sees those…
jxramos
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How to Correctly Split Federal Loss From Stock/Options (1099B) Investments Between Two States?

I have been actively investing in the stock market, and received my 1099B. Mid-year, I moved states. For the sake of simplicity, Jan-Jun in State A, and Jul-Dec in State B. I have more than enough investments to have more than 6000 in losses across…
KingsInnerSoul
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How to determine if a mutual fund sale is a gift or purchased if sold from a transferred account?

I received ownership of a mutual fund account from my father about 15 years ago which I have continued using. Turbotax has just started asking me this year how I received the investments that were sold. A large amount of money was in the account…
duct_tape_coder
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Why is the cost basis reported by a broker on RSUs 0 USD?

I notice that E-Trade reports on the Form 1099-B that the cost basis for vested RSUs is 0 USD. Shouldn't the cost basis that report in my tax form be the value of the shares at the time of vesting? If so, why isn't the value of the shares at the…
Franck Dernoncourt
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Mismatched cost basis on 1099-B form for ESPP shares

I have a question about my 1099-B form regarding ESPP sales. My company allows me to buy shares at a 15% discount through an ESPP program. I buy-and-hold for 1 year 1 day so my sales are taxed at long-term rates. My question is about my 1099-B…
David
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1099-B Proceeds/Cost Basis reported incorrectly? Or user error?

I was trying to enter my 1099B's from Robinhood into Credit Karma Tax.... The short version of the issue is that I made ~$4k this year, but the 1099B's I have seem to have a cost basis $32,000 higher than my proceeds.... I don't understand…
schizoid04
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Tax forms to report Capital Gain/Losses for Non-Resident Alien on F-1 visa?

I am a non-resident alien on F-1 Visa. I recieved a W-2 from my employer. I have also sold stocks and etfs through robo-advisors. I have recieved forms 1099-B and 1099-DIV from them. Where should I report these stock trades? On Schedule D or…
Ronak jain
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What are the requirements to not report all stock transactions on the tax return 1099-B?

I have been trading in 2017 on Robinhood. The 1099-B file they sent me has 500+ pages. When I requested a CSV file, I see just little less than 2000 lines. Export from Robinhood to TurboTax, TaxAct, etc only allows up to 500 transactions -…
KingsInnerSoul
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Will backup withholding be applied in this scenario?

May be this is a very basic question but I couldn’t find exact scenario on web which I am looking for. What I know: If a US person (located or citizen of US) trades equity in market, then the broker is obliged to apply backup withholding in case…
Abs
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Received 1099B for unvested RSU after leaving company

I left a job in 2019 where I was granted some RSUs that were to be vested first time in 2020. But I never received the RSUs since I left the company before the first vesting. Today I received a 1099-B for those unvested shares as if they were…
user1166419
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How to avoid getting double taxed by 1099-B / K-1

In the last year, I bought and sold many shares, one of them a partnership (BEP) - I didn't know at the time, and had no idea about the consequences. Note that I am not in any way interacting with that company, I just bought their shares on the…
Aganju
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How do I report a sale of stock of the private corporation?

For a sale of shares of a listed corporation, the stockbroker reports the transaction to the IRS and the seller by 1099B reporting. When a shareholder sells his shares in a private corporation (through sharespost or equityzen, neither of which…
Dude from SF
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