1099-b Form

1099-b 2024 Form: What You Should Know

We do not receive Forms 1099-B or 1099-S electronically, but we accept copies as a backup. Instructions for Form 4797-B — New York State The reporting statement is generally due within 6 months of the end of the tax period for which it is due. The statements are not available electronically. See the Instructions for Form 4797-B for more information.  1.5 If any proceeds from sales or exchanges are reported on Form 1099-B or 1099-S (or substitute statement), the reporting statement provides the following information, as applicable: • Gross receipts (whether as sales of securities or property); • Net proceeds (net of the fair value adjustments, such as commissions, fees, and other amounts received); and • Gross gains and losses from sales (and the gross gain or loss on disposition is reported on Form 8949, if the sale is a qualified securities' sale). Consequences of not providing your Form 1099-B or 1099-S within the required time period. If any such proceeds are not reported within the time period required for submitting reports electronically, and we received the amount at the time of receiving the information reported to us electronically on a Form 1099-B or 1099-S (whether required to file a Form 990), we will deduct the amount from tax payable.

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