[{"data":1,"prerenderedAt":7},["ShallowReactive",2],{"faq-standard-11003":3},{"rec_id":4,"title":5,"text":6},"11003","What is a substitute statement?","Almost everyone with investment sales (stocks, bonds, mutual funds, etc.), will get a \u003Ci>Form 1099-B\u003C/i> or a substitute statement (consolidated 1099) from their bank or broker.\n\u003Cbr>\u003Cbr>\nA substitute statement is essentially a re-formatted \u003Ci>Form 1099-B\u003C/i>, which often lists out all of your information in columns instead of boxes.\n\u003Cbr>\u003Cbr>\n\u003Ci>Form 1099-B\u003C/i>s and substitute statements both detail your sale information including the sales proceeds, cost basis and whether it was \u003Ca href=\"/freefile2025/answers?faq=8721\">reported to the IRS\u003C/a> or not. If you have a statement that has this information, then you have a substitute statement. \n\u003Cbr>\u003Cbr>\nExamples of common substitute statements might include:\n\u003Cul>\n\u003Cli>A consolidated 1099 that includes your \u003Ci>Form 1099-B\u003C/i> information in addition to other 1099 forms (like \u003Ci>Form 1099-INT\u003C/i>).\u003C/li>\n\u003Cli>A summary or list of all your investment sale information (proceeds, cost basis, IRS reporting, etc.)\u003C/li>\n\u003Cli>A filled out \u003Ci>Form 8949\u003C/i> provided by your crypto company\u003C/li>\u003C/ul>",1777391511711]