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Form 1099-B - Proceeds From Broker and Barter Exchange Transactions What's New for 2011? New boxes have been added to Form 1099-B for reporting the date of acquisition (box 1b), cost or other basis (box 3), amount of loss disallowed due to a wash sale (box 5), whether the property sold is a noncovered security (box 6), and whether the gain or loss is short-term or long-term (box 8). Brokers must complete boxes 1b, 3, 5, and 8 when reporting sales of securities unless box 6 is checked. Other boxes on the form have been moved or renumbered. There are new rules for: 1) How many forms must be filed for each transaction; 2) Short sales of securities; 3) Foreign currency; 4) Transfer statements; 5) Issuer returns; 6) Use of transfer taxes and option premiums in determining gross proceeds; and 7) Basis reporting. See the form instructions for more information. What to Report on Form 1099-B Sales or redemptions of securities, futures transactions, commodities, and barter exchange transactions. Due Dates for Form 1099-B To Internal Revenue Service Paper: February 28 E-File: March 31 To State Agency State Filing Deadlines To Recipient February 15 March 15 for reporting by trustees and middlemen of WHFITs. * If date shown falls on a Saturday, Sunday or legal holiday, the due date is the next business day. Where To File If your principal business, office or agency, or legal residence in the case of an individual, is located in: Alabama, Arizona, Arkansas, Connecticut, Delaware, Florida, Georgia, Kentucky, Louisiana, Maine, Massachusetts, Mississippi, New Hampshire, New Jersey, New Mexico, New York, North Carolina, Ohio, Pennsylvania, Rhode Island, Texas, Vermont, Virginia, West Virginia Filing Address: Department of the Treasury Internal Revenue Service Center Austin, TX 73301 If your principal business, office or agency, or legal residence in the case of an individual, is located in: Alaska, California, Colorado, District of Columbia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Maryland, Michigan, Minnesota, Missouri, Montana, Nebraska, Nevada, North Dakota, Oklahoma, Oregon, South Carolina, South Dakota, Tennessee, Utah, Washington, Wisconsin, Wyoming Filing Address: Department of the Treasury Internal Revenue Service Center Kansas City, MO 64999 International: If your legal residence or principal place of business or principal office or agency is outside the United States, use the Austin, TX filing address. Where To File Federal - E-file WinFiler http://www.winfiler.com/ Federal Filing Requirements for Form 1099-B Copy A - For Internal Revenue Service Center Copy B - For Recipient Copy C - For Payer or State Copy Federal E-Filing Requirements for Form 1099-B Any person, including a corporation, partnership, individual, estate, and trust, who is required to file 250 or more information returns must file such returns electronically. The 250 or more requirement applies separately for each type of return and separately to each type of corrected return. For example, if you must file 100 Forms 1099-B and 300 Forms 1099-INT, Forms 1099-B need not be filed electronically since they do not meet the threshold of 250. However, Forms 1099-INT must be filed electronically since they meet the threshold of 250. Federal Transmittal Form Requirements for Paper: Form 1096 E-file: None Required IRS Specific Instructions for Form 1099-B IRS General Instructions for Form 1099-B Order 1099-B Forms >

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