Understanding Form 1099-B
Form 1099-B is a record of the redemption proceeds from sales or exchanges made in your Dreyfus non-retirement mutual fund accounts, except money market accounts, during 2013. This information is used to calculate any gain or loss on redemption of fund shares. These redemptions must be reported on your federal personal income tax return. State and local income taxes differ from state to state. Please consult your tax advisor regarding the reporting of this information on your state and local income tax returns.
Form 1099-B will report cost basis information for your mutual fund redemption(s), if available. The layout of Form 1099-B has recently changed and is broken out into the following five sections:
Section 1: Short-Term Transactions for Which Basis is Reported to the IRS
Section 2: Short-Term Transactions for Which Basis is Not Reported to the IRS
Section 3: Long-Term Transactions for Which Basis is Reported to the IRS
Section 4: Long-Term Transactions for Which Basis is Not Reported to the IRS
Section 5: Transactions for Which Basis is Not Reported to the IRS and for Which Short- or Long-Term Determination is Unknown.
A - RECIPIENT'S IDENTIFICATION NUMBER
The number under which this information has been reported to the IRS. For individuals this is your Social Security Number, which has been masked on paper forms but not on electronic forms available behind the secure log-in on Dreyfus.com. Employer Identification Numbers have not been masked.
Box (1a) - DATE OF SALE OR EXCHANGE
The date of each sale or exchange.
Box (1b) - DATE OF ACQUISITION
The acquisition date of any securities sold. This box may be blank or contain the word "Various" if Box 6a is checked or if the securities sold were acquired on a variety of dates. Please contact your tax advisor if you have any questions.
Box (B) - SHARE PRICE
NAV or price per share redeemed for each transaction.
Box (2a) - SALES PRICE (LESS COMMISSIONS)
Gross proceeds (less commissions) from each transaction made during the year.
Report this amount on Form 8949 as explained in the instructions for Schedule D (Form 1040).
Box (3) - COST OR OTHER BASIS
Shows the cost or other basis of securities sold.
Box (4) - FEDERAL INCOME TAX WITHHELD
Amount of federal taxes withheld if you were subject to backup withholding.
Should be entered on Form 1040, Page 2, Line 62.
Box (5) - WASH SALE LOSS DISALLOWED
Shows the amount of nondeductible loss in a wash sale transaction. For details on wash sales, see the Schedule D (Form 1040) instructions and IRS Publication 550.
Box (6a) - NONCOVERED SECURITIES
This will be checked if shares were acquired prior to January 1, 2012.
Box (8) - DESCRIPTION - FUND'S NAME AND FEDERAL TAXPAYER IDENTIFICATION NUMBER
Box (8) - DESCRIPTION - CUSIP NUMBER
The fund’s identification number as given by the Committee on Uniform Securities Identification Procedures (“CUSIP”). This information does not have to be entered on your federal personal income tax return.
Box (13) AND (14) - STATE AND STATE IDENTIFICATION NUMBER
Shows state and state identification number (state from which state taxes were withheld).