Where should income reported on a 1099-B be reported when labeled as proceeds
from barter exchange? I believe this is cash received in lieu of stock for fractional
shares. It is reported on a form 1099-B suggesting it be reported as interest income. Or perhaps on schedule D with no cost? Or on line 21 as other income? Does anyone know the proper way to report this? Only small amounts are involved. my taxpayers are not sure what it is. The heading mentions Spectra Energy Corp. A website refers to stock. I have been
reporting it on schedule D with no cost.
from barter exchange? I believe this is cash received in lieu of stock for fractional
shares. It is reported on a form 1099-B suggesting it be reported as interest income. Or perhaps on schedule D with no cost? Or on line 21 as other income? Does anyone know the proper way to report this? Only small amounts are involved. my taxpayers are not sure what it is. The heading mentions Spectra Energy Corp. A website refers to stock. I have been
reporting it on schedule D with no cost.
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