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The 1099-B Tax Form is used by brokers and barter exchanges to report proceeds from securities transactions to the IRS. It details gains or losses from sales of stocks, bonds, or other investments. Unlike 1099-A for abandoned property, 1099-B focuses on transactions. Private trusts may also issue 1099-B for distributions, while 1099-A pertains to different situations. Understanding these forms is crucial for accurate tax reporting.

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