The IRS has released the 2018 Form 1099-B. This form is used to report proceeds from broker and barter exchange transactions.
The only change made to the form was to the instructions for Box 3. Now, if Box 3 is checked, the basis in box 1e must be reported to the IRS and either the short-term or the long-term gain or loss box in box 2 will be checked.
To view the 2018 Form 1099-B, please click here.
About the Author
Adam Rivera is a member of the Regulatory Analysis Team's Direct Tax division at Sovos. His main areas of focus are Federal and State Tax Withholding and Affordable Care Act (ACA) Reporting. Prior to Sovos, Adam worked as a legislative aide in the Florida House of Representatives. He also has experience in securities law, focusing on securities litigation and researching emerging crowdfunding methods of raising capital. Adam is a member of both the Massachusetts and Florida Bars. He earned his B.A. from the University of Florida and his J.D. from the University of Miami.More Content by Adam Rivera