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 Form 1099 B Proceeds from Broker and Barter Exchange Transactions 2022

1099 1099b 2022-2025 Form

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Instructions and help about 2017 irs 1099 b

what some tax savers let's break down one of the tax forms that you get at tax time today and we'll do kind of a series of these to kind of help you help explain what tax forms mean and hopefully help you understand them better so the one we're talking about today is a 1099 B and that specifically reports your stock sales if you sell stocks so if you buy stocks you don't get anything it's when you actually sell them and transact and realize those gains and so when you get the 1099 B what happens is your brokerage that you're using is tracking what's called your basis which means what you paid for the stock and then it tracks what you sell that stock for and then kind of sums those all up with everything you sold throughout the year and puts them all on the ten minute NBD and sends it to you at tax time and so what that allows us to do on the tax preparation side is easily track what you bought and sold stocks for to track your gai

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