Form 1099-B, Proceeds from Broker and Barter Exchange Transactions

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Extracts key data from Form 1099-B documents for the tax years 2021, 2022 and 2023. A Form 1099-B is a IRS (Internal Revenue Service of USA) form filed by a broker or barter exchange to report gains or losses during a tax year. Forms 1099-B usually provide information about securities or property involved in a transaction handled by a broker. Individual taxpayers receive the form from their brokers or barter exchange already filled out and transfer the information to Form 8949 to calculate their preliminary gains and losses.
The Form 1099-B Skill has been trained on a smaller set of documents. The most important data fields are defined and labeled. Customers can use this skill as a starting point to label additional required fields, for further training the skill based on incoming documents, or to adjust business rules to their own requirements.


  • Framework Document Skills provide a quick-start basis for conducting proof of concept and automating document-centric processes, without wasting time to train a new skill from the ground up. In most Framework Skills the main data fields have been labeled and the skill has been trained on a small document set to provide a starting point for further training on customer side. Framework Skills generally come at no additional cost, but consume page volume from the base Vantage Core Skills volume.
  • The model automatically detects all fields on 1099-B forms from the years 2021, 2022 and 2023 and extracts relevant data (payer and recipient name, address, TIN, applicable section on IRS form 8949, etc.). For a full list of extracted fields, please see the skill documentation.
  • Business rules to validate, normalize or cross-check data can be added as required.
  • Incorporate human-in-the-loop review and verification based on accuracy thresholds, missing or incorrect information.
  • Allows further training of the model based on incoming documents in real time. Over time significantly improves straight-through-processing rates and reduces the need for human interaction.
  • Key fields: Year, Payer's TIN, Recipient's TIN, Recipient's Name

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