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Please Return This Completed Form to Us or Your Broker

Please Return This Completed Form to Us or Your Broker

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Welcome to our informative video series on understanding the IRS 1099 tax forms today we'll be discussing form 1099-b proceeds from broker and barter exchange transactions this form is used by Brokers and barter exchanges to report certain types of transactions that a taxpayer must report on their income tax return form 1099-b is an important part of your tax reporting because it provides detailed information about transactions that result in capital gain or losses which can impact your overall tax liability there are three main scenarios that can result in your receiving form 1099-b ing to the definition from the IRS website if a broker sold stocks Commodities regulated Futures contracts foreign currency contracts Ford contracts debt instruments options Securities Futures contracts and other similar Investments on your behalf for cash scenario two if a taxpayer received cash stock or other property from a corporate operation that the broker knows or has reason to know has had its stoc

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