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Questions tagged [1099-b]

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7 votes
1 answer
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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, ...
Tim's user avatar
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4 votes
1 answer
827 views

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 ...
Aditya's user avatar
  • 395
3 votes
1 answer
1k views

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 ...
user avatar
3 votes
1 answer
42 views

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 ...
KingsInnerSoul's user avatar
2 votes
3 answers
20k views

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, ...
KingsInnerSoul's user avatar
2 votes
1 answer
82 views

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 ...
duct_tape_coder's user avatar
2 votes
1 answer
169 views

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 ...
David's user avatar
  • 241
2 votes
1 answer
1k views

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 ...
schizoid04's user avatar
  • 2,735
2 votes
2 answers
1k views

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 ...
Ronak jain's user avatar
1 vote
1 answer
2k views

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 ...
Aganju's user avatar
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1 vote
1 answer
4k views

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 (...
Dude from SF's user avatar
1 vote
1 answer
85 views

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 ...
user1166419's user avatar
1 vote
0 answers
43 views

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 ...
Abs's user avatar
  • 152
0 votes
1 answer
72 views

Tax on sale and distribution of mutual fund

I have investments in a mutual fund. That fund grew in value (i.e. had a distribution) So I got a 1099-DIV. I understand I have to pay capital gains tax on this growth. However I also sold some of ...
tir38's user avatar
  • 65
0 votes
1 answer
179 views

What do I need to do to exit the wash sale so the loss would have been allowed?

This past year I started heavy day-trading of option contracts. I was aware of the wash sale rule... however when I received my 1099-B the wash-sale calculations are significantly different than I ...
SoonGuy's user avatar
  • 101
0 votes
2 answers
1k views

Why is the cost basis reported by a broker on RSUs 0 USD? [duplicate]

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? ...
Franck Dernoncourt's user avatar
0 votes
0 answers
85 views

Non Resident Alien with a W2 and a 1099B - What are the obligations here?

I worked in the United States between the 1st of January 2023 and April 15th 2023. In addition to salary I had some RSUs and my company would sell some of the RSUs to cover tax obligations. The broker ...
ggy's user avatar
  • 11
0 votes
1 answer
309 views

Why does my 1099-B show an amount on box 1g?

Early last year I incurred some wash sales. All of the securities involved in those transactions, however, were liquidated long (more than 30 days) before the end of the year. My assumption was that ...
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