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- My broker did not send me proceeds of stock sale but issued 1099-B
My broker did not send me proceeds of stock sale but issued 1099-B
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maddog49
Level 1
03-17-2021
10:59 AM
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An online brokerage sold stock on my behalf due to a merger in 2020. It required me to sign a form before receiving a proceeds check. I did not sign the form or receive the check in 2020. Yet the broker sent a 1099-B to the IRS, implying that I have received the proceeds.
Am I still liable to pay the income tax on the proceeds even though I never received any proceeds?
Is the broker within the law by reporting the proceeds to the IRS without delivering it to me?
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1 Comment 1
qbteachmt
Level 15
03-17-2021
11:04 AM
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You seem to be lost on the internet.
You’ve come to a Peer User community for Intuit Tax Preparation products supporting tax preparation professionals using ProSeries, Proconnect and Lacerte , and you may be looking for support as an individual taxpayer. Please visit the TurboTax Help site for support.
Thanks.
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Don't yell at us; we're volunteers
