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Your friend is permitted to file her tax return without a copy of the 1099-B form. She will first need to complete federal form 6781 – ‘Gains and Losses From Section 1255 Contracts and Straddles.’ According the instructions, if the taxpayer received a Form 1099-B, or equivalent statement, then the taxpayer must include on line 1 of the form, the amount from box 11 of the Form 1099-B. However, if the taxpayer does not receive a Form 1099-B or equivalent statement, then the taxpayer must separately list each transaction for which the taxpayer should have received a 1099-B form. Col. (a) of the form 6781 is where your friend will list the transaction – i.e. “Stock Options Exercised” – and columns (b) and (c) is where she will indicate whether she realized a loss or a gain.
Once Part I of Form 6781 is complete (i.e. lines 1 – 9), your friend will then need to complete federal Schedule D – ‘Capital Gains and Losses.’ Where the amount is entered depends on whether the gain/loss is short term or long term.
Once Schedule D is complete, your friend will enter the amount onto Federal Form 1040, line 13.
http://www.irs.gov
(1) Federal form 6781 and instructions
(2) Federal Schedule D and instructions
(3) Federal form 1040 and instructions
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