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IRS Form 1099-B & Instructions

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Tips For Using Form 1099-B

1. Understanding Form 1099-BForm 1099-B reports proceeds from broker and barter exchanges. Use this to report capital gains and losses on your tax return.
2. Reporting Capital GainsInclude information from Form 1099-B on Schedule D. Accurately report gains and losses to determine your tax liability.
3. Reviewing Your FormDouble-check Form 1099-B for accuracy. Ensure all transactions are correctly reported to avoid discrepancies.