1099 B example Form

1099 B example 2024 Form: What You Should Know

If, for stock that is taxable according to Code section 1031: (i.e., “Covered Person”) or (ii) if there is a deduction for stock of such covered person, such basis shall be equal to the difference between the original consideration for such stock and the fair market value of such stock on the earliest of (a) the close of the calendar year in which such exchange (or sale) takes place, and (b) the date the exchange becomes effective. 2. If, for stock that is not taxable according to Code section 1031: (i) the value determined with respect to such stock on the last day of the calendar year in which such exchange takes place, and (ii) the fair market value of such stock on the last day of the calendar year in which such exchange becomes effective, the basis determined shall be equal to the difference between the original consideration for such stock, and the fair market value of such stock on the earliest of (a) the close of the calendar year in which such exchange takes place, and (b) the date the exchange takes effect (determined without regard to section 524). In the case of short-term stock transactions in which the basis is determined on the last day of the calendar year, the period in which the basis is determined shall include either the calendar year or the calendar year plus 2 months, as applicable. 3. For certain transactions in which the basis is determined on the date that the transaction becomes effective, the period in which the basis is determined shall include either the date of the exchange or the date of such election. (See section 1032(a) (relating to election to allow deduction only for stock of Covered Person)), and section 1563 (relating to election to reduce cost of stock by deduction of portion of basis reduction). Sectors: Exchange-traded Fund Form 1099-B×. 2024 Proceeds from Broker and Barter Exchange Transactions. Copy C for recipient OMB No. XXXXX-XXXX. Short-term transactions for which basis is × 1.

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