how to file form 1099 b proceeds from broker and barter exchange transactions
a separate form 1099 b must be filed by a brokerage or barter exchange for every single transaction involving the sale including short sales of stocks commodities regulated futures contracts foreign currency contracts pursuant to a forward contract or regulated futures contract forward contracts debt instruments options or securities futures contracts information on form 1099 b includes commissions for these transactions do not apply and are therefore excluded from the form 3as a taxpayer your capital losses are subtracted from any capital gains and may be used to reduce the taxable income you report there are limits to the amount of capital loss that can be deducted each tax year however if the capital loss exceeds the limit the difference may be carried over to the following tax year s 4the form reports the cash received and the fair market value fmv of goods or services received or any trade credits received taxpayers may be required to report the receipt of gains made during the bartering activity reportable gains can be in the form of cash property or stock 5a broker or barter exchange should report each transaction other than regulated futures foreign currency or section 1256 option contracts on a separate form 1099 b 6other relevant formsif you receive a 1099 b you will need to file schedule d this is where you record your gains and losses for the year form 8949 sales and other dispositions of capital assets is used to record the details of the transactions 789