Client A buys stock from client B in a private . . .

Question

Client A buys stock from client B in a private transaction. Is there a 1099-B reporting responsibility? Client B is looking for a 1099-B for the sale. Does client A provide client B with a 1099-B?

Answer

If the sale is truly between two private parties...

[Full text available to TIR Answer Center subscribers. Subscribe to read full article.]