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Form 1099-B for Vacaville California: What You Should Know

You do not need to request a 1099-B from your broker. All you have to do is receive a 1099-B by  the end of your Tax Year.  The form includes your name, address, Social Security Number and your amount of profit or loss from the trades made the previous tax year. You also have to indicate the type of transaction and the name of the person making the trade. Form 1099-B is not a tax return. However, you still have to file a Tax Return for the relevant tax year. Some information you might want to include on the exchange Form 1099-B  The 1099-B has been around for over 20 years. When Form 1099-B is received it is scanned into your own personnel file. Form 1099-B can be provided either electronically by fax, mail, or courier. It is important to remember that Form 1099-B has no expiration (it doesn't go out of print, or it goes out of tax file). The 1099-B doesn't show the proceeds from that transaction. You have to give the exchange the correct amount of gain or loss for that transaction, otherwise you will not receive or file a return.

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