Tax form for selling stocks
Your broker will send you a copy of IRS Form 1099-B for each stock sale. The form identifies the stock, the date and cost for the purchase in addition to the date and proceeds from the sale. Selling stock. When you sell stock you've acquired via the exercise of any type of option, you might face additional taxes. Just as if you bought a stock in the open market, if you acquire a stock by exercising an option and then sell it at a higher price, you have a taxable gain. Answer Regarding stock sales taxes, report sales of stock on Form 8949 rather than a 1099-B tax form: Use Part I for stock owned for one year or less Use Part II for stock owned more than one year