DC Released W2 and 1099 Specifications for TY 2019

Gerry Nelligan
December 18, 2019

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:

  1. Field Position 620 – Applicable Checkbox for Qualified Opportunity Fund (QOF) – New Field Position
  • Form 1099-G, Certain Government Payments

Payee “B” Record:

  1. Field Position 544 – Second TIN Notice (Optional) – New Field Position
  2. Field Position 545-546 – Blank – Revised Field Position

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Gerry Nelligan

Gerry Nelligan is a Regulatory Analysis Supervisor at Sovos, leading a team of counsels covering information reporting, including 10-Series IRS reporting, Affordable Care Act (ACA) reporting and Automatic Exchange of Information (AEOI). Gerry received his J.D. from Suffolk University Law School and his B.A. from Providence College. He is a licensed attorney in the state of Massachusetts.
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