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    LBILAW's Avatar
    LBILAW Posts: 4, Reputation: 1
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    #1

    Mar 28, 2009, 10:15 AM
    1099-B gross Proceeds
    On a 1099-B are gross proceeds income?


    Thanks,

    Lance
    MukatA's Avatar
    MukatA Posts: 7,110, Reputation: 176
    Tax Expert
    		  
    #2

    Mar 28, 2009, 12:47 PM

    Normally, it does not report income. If only reports gross receipts.
    You must report each stock sale on schedule D and figure out loss or gain.
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