Ask Experts Questions for FREE Help !
Ask
    vincex's Avatar
    vincex Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Mar 30, 2008, 05:12 PM
    1099-B stock transactions
    I am filing for my stock transactions. Do you need to file a separate 1099-B for every single stock transaction? So if you have 20-30 transactions you need to submit 20-30 1099-B? What is confusing is that in box 2 it wants gross proceeds for the year and than in boxes 1a it wants the date of sale which would only be applicable to one specific transaction. How can you put a date in box 1-a if all the gross transactions reported in box 2 were all on different dates?
    ebaines's Avatar
    ebaines Posts: 12,131, Reputation: 1307
    Expert
    		  
    #2

    Mar 31, 2008, 06:29 AM
    You do not file any 1099-B forms with your 1040. Just make sure that the proceeds you report on Schedule D add up to the amounts reported on the 1099-B's you have received. You should have received 1099-B forms along with any 1099-DIV and 1099-INT forms from your broker.
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Absorption Costing - Opening stock and closing stock query? [ 3 Answers ]

Hi guys, I have an absorption costing query on the profit statement, here are the notes: Selling price per unit = £20 Sales for year 1 = 10,000 Production = 20,000 Production Cost Per Unit = £10 YEAR ONE

Stock Byback - 1099-D [ 1 Answers ]

Last year I purchased stock from the company I worked for. I live in MA and the company is based out of CA. In May of this year, they had to close the MA office and layoff everyone. I requested that my stock be bought back, since I was laid off and my husband got laid off a month later. I had...

View more questions Search