Uses

• Form 1099-B is used to report money received from the sale of stocks, bonds or mutual funds. The actual transactions should also be reported on Schedule D of your 1040 tax return. The 1099-B is specifically used as a receipt of the transaction for tax purposes.
  
  

Information Included

• IRS Form 1099-B shows names and contact information for you and your broker while also containing 12 prompts for information regarding the sale of stocks or bonds. You need the date of the sale, the tax withheld, the number of shares and a description of the asset.
  
  

Brokers

• The IRS' instructions for Form 1099-B lay out the regulations for who is considered a broker: "A broker is any person who, in the ordinary course of a trade or business, stands ready to effect sales to be made by others." If the sale happens outside the United States, the broker is always someone located on U.S. soil, so if the brokerage offices is overseas, broker refers to the U.S. representative (typically a middleman or the payer).
  
  

Other Circumstances

• If your sale of stocks or bonds occurs in foreign currency, you must convert that amount to U.S. dollars for Form 1099-B using the rate on the day of the sale. Buying stock as part of using stock options may not require a 1099-B be filed by a broker, according to the IRS.
  
  

Obtaining Copies

• If you lost your 1099-B, or believe you should've received one and didn't, you may contact the IRS to get an additional copy or see if there is a 1099-B on file for you. Call 1-800-TAX-FORM (1-800-829-3676), or go to IRS' website, irs.gov.