• Form 1099-B is sent by brokers to their clients for tax filing purposes.

  • The form lists all transactions made during the tax year.
  • Individuals use this information to complete Schedule D, which lists their profits and losses for the tax year.
  • The total represents the individual’s taxable profit (or loss) for the year.
  • Brokerage firms and those engaged in bartering activities must submit separate forms, even if the sale of different securities took place within the same transaction.