How are stock transfers reported on 1099-B forms?

USA Discussion in 'Individuals' started by JudyP, Jul 27, 2018.

  1. JudyP

    JudyP

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    How are stock transfers reported on 1099-B forms? If I transfer shares of stock to my brother, is that reported on my 1099-B as a sale (even though the shares are not being sold) and is his cost basis updated to the current market value? How is it reported on my 1099-B forms if my broker transfers my (appreciated) stock shares to a nonprofit organization?
     
    JudyP, Jul 27, 2018
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