Follow the steps to successfully complete the IRS 1099-B form.

1. Click the ‘Get Form’ button to obtain the form and open it for editing.
2. Enter the payer's name, street address, city or town, state or province, country, ZIP or foreign postal code, and telephone number in the designated fields.
3. Fill in the payer’s taxpayer identification number (TIN) and the recipient’s TIN, ensuring all details are accurate.
4. In Box 1a, provide a description of the property sold, such as ‘100 sh. XYZ Co.’. This gives clarity about the transaction.
5. Input the date the property was acquired in Box 1b and the date it was sold or disposed of in Box 1c.
6. Record the proceeds from the sale in Box 1d, while Box 1e should contain the cost or other basis of the property sold.
7. If applicable, state any accrued market discount in Box 1f and indicate any wash sale loss disallowed in Box 1g.
8. Specify whether there is a short-term or long-term gain or loss in Box 2, marking the correct box according to your situation.
9. Check Box 3 if the proceeds are from collectibles or a Qualified Opportunity Fund.
10. Enter any federal income tax withheld in Box 4 and check Box 5 if dealing with noncovered securities.
11. Complete Boxes 6 through 16 as necessary, including any state identification and tax withheld amounts.
12. Review all entries for accuracy and completeness before saving the form with changes and downloading, printing, or sharing it as needed.

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