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today we will talk about form 1099 B proceeds from broker and barter exchange transactions form 1099 B proceeds from broker and barter exchange transactions is an Internal Revenue Service tax form used by brokerages and barter exchanges to record customers gains and losses during a tax year individual taxpayers receive the form from their Brokers or barter exchange already filled out taxpayers transfer the information from a 1099 B to form 8949 to calculate their preliminary gains and losses the result is entered onto Schedule D of their tax return Brokers must submit a 1099 B form to the IRS and send a copy directly to every customer who sold stocks options Commodities or other Securities during the tax year the IRS requires submission of the form to serve as a record of a taxpayers gains or losses forms are required to be sent to investors by February 15th for example lets assume you sold several stocks last year the proceeds of the sales were $110,000 that figure will be reported