If you sold stocks, bonds, mutual funds, or participated in barter exchanges in 2025, you will likely receive Form 1099-B. Filing it accurately before the Jan 31, 2026 deadline is crucial to avoid IRS penalties and ensure proper reporting of your capital gains and losses. This guide walks you through deadlines, reporting steps, penalties, and trusted platforms to simplify filing.
Call +1-866-513-4656 for expert assistance today.
What Is Form 1099-B?
Form 1099-B is issued by brokers and barter exchanges to report proceeds from the sale of stocks, bonds, mutual funds, and barter trades. Accurate reporting is essential for calculating capital gains and losses correctly.
Common 1099-B Transactions
- Sale of stocks or bonds
- Mutual fund transactions
- Barter exchange transactions
- Sale of other investment property
Both you and the IRS receive a copy of the form, making precision critical.
1099-B Filing Deadline
Key IRS deadline:
- Recipient Deadline: January 31, 2026
- Tax Year Covered: 2025 transactions
If your form is missing or contains errors, contact your broker or barter exchange immediately, or call +1-866-513-4656 for guidance.
How to Report Form 1099-B Transactions
1. Review the Form Carefully
Check payer details, gross proceeds, cost basis, and any taxes withheld.
2. Report Capital Gains and Losses
Use Form 8949 and Schedule D (Form 1040) to report all sales. Include accurate acquisition and sale dates.
3. Include All Trades and Barter Transactions
Even small trades or barter exchanges must be reported to avoid penalties.
4. File Using Trusted Platforms
You can use trusted platforms like:
E-filing ensures accuracy, reduces errors, and helps you meet the Jan 31, 2026 deadline.
Penalties for Not Filing 1099-B Correctly
Failing to report 1099-B transactions accurately can lead to:
- IRS audits or notices
- Penalties for underreported gains
- Interest on unpaid taxes
Since the IRS receives a copy, mismatches are quickly flagged. Call +1-866-513-4656 for expert guidance.
Best Practices for Accurate 1099-B Filing
- Keep all brokerage and barter statements organized
- Verify cost basis and proceeds match your records
- Report all transactions, including small trades and barter exchanges
- File early to avoid last-minute mistakes before the Jan 31, 2026 deadline
- Consult a tax professional if you have multiple brokerage accounts or complex trades
Why the IRS Monitors 1099-B Transactions Closely
Transactions reported on Form 1099-B are frequently audited due to underreporting or errors in cost basis reporting. Accurate reporting is critical to avoid penalties.
Final Thoughts
Filing Form 1099-B Proceeds from Broker and Barter Exchange Transactions accurately before Jan 31, 2026 protects your finances and ensures IRS compliance. Whether you conducted a few trades or many, proper reporting is key.
Call +1-866-513-4656 for expert assistance and file with confidence.
FAQs
1. What if I don’t receive my Form 1099-B by Jan 31, 2026?
Contact your broker or barter exchange immediately. If unresolved, estimate proceeds and report them. Call +1-866-513-4656 for guidance.
2. Are barter exchange transactions taxable?
Yes. All barter exchange income must be reported, even if no cash changed hands.
3. How do I calculate capital gains or losses?
Subtract the cost basis from sale proceeds. Include accurate acquisition and sale dates.
4. Can I e-file my return with 1099-B transactions?
Yes. Platforms like TurboTax and QuickBooks simplify e-filing and ensure accuracy.
