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Employee
March 28, 2019
Solved

forgot 1099-B

  • March 28, 2019
  • 1 reply
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  I forgot to file  a 1099-B in my tax return( loss over $60,000)

I suppose I should fill out a 1040X 

In filling out 1040X, everything in column A will be the same in column C ?

Not getting any additional tax refund( already carried forward $3000 from previous tax losses.)

Best answer by MargaretL

Yes, you are correct that there will be no change if you already had prior $3,000 carryover losses. But you must file to show the $60,000 loss and the carryover losses. Also, the IRS has a copy of the 1099-B and will be looking for the gross proceeds and basis from it on your tax return.  

1 reply

MargaretL
MargaretLAnswer
Employee
March 28, 2019

Yes, you are correct that there will be no change if you already had prior $3,000 carryover losses. But you must file to show the $60,000 loss and the carryover losses. Also, the IRS has a copy of the 1099-B and will be looking for the gross proceeds and basis from it on your tax return.