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My broker did not send me proceeds of stock sale but issued 1099-B

maddog49
Level 1

An online brokerage sold stock on my behalf due to a merger in 2020.  It required me to sign a form before receiving a proceeds check.  I did not sign the form or receive the check in 2020.  Yet the broker sent a 1099-B to the IRS, implying that I have received the proceeds.

Am I still liable to pay the income tax on the proceeds even though I never received  any proceeds?

Is the broker within the law by reporting the proceeds to the IRS without delivering it to me?

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1 Reply 1
qbteachmt
Level 15

You seem to be lost on the internet.

You’ve come to a Peer User community for Intuit Tax Preparation products supporting tax preparation professionals using ProSeries, Proconnect and Lacerte , and you may be looking for support as an individual taxpayer. Please visit the TurboTax Help site for support.

Thanks.

 

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