Form 1099-B

Form 1099-B, Proceeds From Broker and Barter Exchange Transactions, includes 5 new boxes:

• Box 1b to report the date of acquisition
• Box 3 to report cost or other basis
• Box 5 to report the amount of loss disallowed due to a wash sale
• Box 6 to report whether the property sold is a noncovered security, and
• Box 8 to report whether the gain or loss is short-term or long-term.

Brokers must complete boxes 1b, 3, 5, and 8 when reporting sales of securities, unless box 6 is checked. In addition to these changes, other boxes on the form were either moved or renumbered.