How to Dispute a 1099-B
When you buy or sell stock, your broker is required to send you a 1099-B, Broker and Barter Exchange Transactions. The 1099-B reflects all of your profits and losses during the tax year. If you notice an error on your 1099-B, it is best to contact your broker to request a corrected 1099-B. If the broker refuses to submit a corrected 1099-B, notify the Internal Revenue Service that you are disputing the information that appears on the form.
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Instructions
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Complete IRS Form 8275, Disclosure Statement. A copy of this form can be downloaded from the IRS website. You can also get a copy of the form by calling the IRS at 800-829-3676.
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Document in the form's General Information section the details of your dispute. List each dispute on a separate line.
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Write “1099-B” in Column D of the General Information section. In Column E, write the line number that is incorrect on your 1099-B. In Column F, document the incorrect amount you are disputing.
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Write in the Detailed Explanation section, a detailed explanation of why you are disputing the information on your 1099-B. Be as specific as possible.
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Make a copy of the completed 8275 to keep for your own records. Attach the original copy of your 8275 to your regular tax return. Mail the form and tax return to the IRS address listed on your return.
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