Instructions for Recipient
Brokers and barter exchanges must report proceeds from (and in some
cases, basis for) transactions to you and the IRS on Form 1099-B.
Reporting also is required when your broker knows or has reason to
know that a corporation in which you own stock has had a reportable
change in control or capital structure. You may be required to
recognize gain from the receipt of cash, stock, or other property that
was exchanged for the corporation's stock. If your broker reported this
type of transaction to you, the corporation is identified in box 1a.
Recipient's taxpayer identification number (TIN). For your
protection, this form may show only the last four digits of your TIN
(social security number (SSN), individual taxpayer identification
number (ITIN), adoption taxpayer identification number (ATIN), or
employer identification number (EIN)). However, the issuer has
reported your complete TIN to the IRS.
Account number. May show an account or other unique number the
payer assigned to distinguish your account.
CUSIP number. Shows the CUSIP (Committee on Uniform Security
Identification Procedures) number or other applicable identifying
number.
FATCA filing requirement. If the FATCA filing requirement box is
checked, the payer is reporting on this Form 1099 to satisfy its
chapter 4 account reporting requirement. You also may have a filing
requirement. See the Instructions for Form 8938.
Applicable checkbox on Form 8949. Indicates where to report this
transaction on Form 8949 and Schedule D, and which checkbox is
applicable. See the instructions for your Schedule D and/or Form
8949.
Box 1a. Shows a brief description of the item or service for which
amounts are being reported. For regulated futures contracts and
forward contracts, “RFC” or other appropriate description may be
shown. For Section 1256 option contracts, “Section 1256 option” or
other appropriate description may be shown. For a corporation that
had a reportable change in control or capital structure, this box may
show the class of stock as C (common), P (preferred), or O (other).
Box 1b. This box may be blank if box 5 is checked or if the securities
sold were acquired on a variety of dates. For short sales, the date
shown is the date you acquired the security delivered to close the
short sale.
Box 1c. Shows the trade date of the sale or exchange. For short
sales, the date shown is the date the security was delivered to close
the short sale. For aggregate reporting in boxes 8 through 11, no entry
will be present.
Box 1d. Shows the cash proceeds, reduced by any commissions or
transfer taxes related to the sale, for transactions involving stocks,
debt, commodities, forward contracts, non-Section 1256 option
contracts, or securities futures contracts. May show the proceeds
from the disposition of your interest(s) in a widely held fixed
investment trust. Also may show the aggregate amount of cash and
the fair market value of any stock or other property received in a
reportable change in control or capital structure arising from the
corporate transfer of property to a foreign corporation. Losses on
forward contracts or non-Section 1256 option contracts are shown in
parentheses. This box does not include proceeds from regulated
futures contracts or Section 1256 option contracts. Report this
amount on Form 8949 or on Schedule D (whichever is applicable) as
explained in the Instructions for Schedule D.
Box 1e. Shows the cost or other basis of securities sold. If the
securities were acquired through the exercise of a noncompensatory
option granted or acquired on or after January 1, 2014, the basis has
been adjusted to reflect your option premium. If the securities were
acquired through the exercise of a noncompensatory option granted
or acquired before January 1, 2014, your broker is permitted, but not
required, to adjust the basis to reflect your option premium. If the
securities were acquired through the exercise of a compensatory
option, the basis has not been adjusted to include any amount related
to the option that was reported to you on a Form W-2. If box 5 is
checked, box 1e may be blank. See the Instructions for Form 8949,
Instructions for Schedule D, or Pub. 550 for details.
(Instructions continued on the back of Copy 2.)