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A broker or barter exchange must file Form 1099-B, Proceeds From Broker and Barter Exchange Transactions, for each person:

  • For whom the broker has sold (including short sales) stocks, bonds, commodities, regulated futures contracts, foreign currency contracts (pursuant to a forward contract or regulated futures contract), forward contracts, debt instruments, options, securities futures contracts, etc., for cash,
  • Who received cash, stock, or other property from a corporation that the broker knows or has reason to know has had its stock acquired in an acquisition of control or had a substantial change in capital structure reportable on Form 8806 Information Return for Acquisition of Control or Substantial Change in Capital Structure, or
  • Who exchanged property or services through a barter exchange.

To enter capital gains and losses on Form 1099-B in the TaxAct® program (the TaxAct program transfers the data to Form 8949 Sales and Other Dispositions of Capital Assets and/or Schedule D (Form 1040) Capital Gains and Losses as necessary):

  1. From within your TaxAct return (Online or Desktop), click Federal (on smaller devices, click in the top left corner of your screen, then click Federal).
  2. Click the Investment Income dropdown, click the Gain or loss on the sale of investments dropdown, then click Capital gain or loss (Form 1099-B).
  3. Click + Add Form 1099-B to create a new copy of the form or click Edit to edit a form already created (desktop program: click Review instead of Edit).
  4. Click Step-by-Step Guidance to continue with the interview process and enter your information.

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