Changes to 1099/W-2G instructions were confined to the “What’s New” section. These changes explain the changes to the federal 1099-B and 1099-G forms as posted in the IRS’s 1220 Publication.
What’s New:
- Form 1099-B, Proceeds from Broker and Barter Exchange Transactions
Payee “B” Record:
- Field Position 620 – Applicable Checkbox for Qualified Opportunity Fund (QOF) – New Field Position
- Form 1099-G, Certain Government Payments
Payee “B” Record:
- Field Position 544 – Second TIN Notice (Optional) – New Field Position
- Field Position 545-546 – Blank – Revised Field Position
