does 1099 b need to be filed

does 1099 b need to be filed pepe unchain Bnb Eth XRP crypto futures coinbase futures binance futures

IRS Form 1099-B is used to report proceeds from broker and barter exchange transactions. It details sales of securities, commodities, or other property. Unlike 1099-A for abandoned property, 1099-B is issued by brokers and financial institutions. Private trusts may also issue 1099-B for trust distributions involving securities. It's crucial for taxpayers to report accurately to avoid tax liabilities.

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