1099-B box 13

[judys3]

I have a customer that has a 1099-B box 13 Barterning $74,324.00.  How do I report this on their return?  This is the first time I have had this.  

[sjrcpa]

What kind of business is he in?

What did he barter?

[judys3]

Bullion 

[sjrcpa]

So he received bullion?

In exchange for what?

[judys3]

73k was reported in box 13. He received money. So I assume what he paid for it will be his basis? He has receipts where it was paid for. So I assume that’s basis 

[judys3]

this was not a business related transaction.  Customer purchased gold years ago and sold in 2023 for a loss.  I just want to make sure I am correct this will go on the schedule D and the loss of more than 3k will carry forward