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2023_Form 1099_8273263

The document is a Form 1099-B issued by Bytedance Ltd, detailing a transaction involving the sale of 51 shares of Bytedance Ltd by recipient Anxiang Zhang, resulting in proceeds of $8,160.00 and a cost basis of $8,039.13, indicating a short-term gain. It includes instructions for the recipient regarding tax reporting obligations and potential penalties for non-compliance. The form also provides information on various reporting requirements and definitions related to the transaction.

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0% found this document useful (0 votes)
12 views2 pages

2023_Form 1099_8273263

The document is a Form 1099-B issued by Bytedance Ltd, detailing a transaction involving the sale of 51 shares of Bytedance Ltd by recipient Anxiang Zhang, resulting in proceeds of $8,160.00 and a cost basis of $8,039.13, indicating a short-term gain. It includes instructions for the recipient regarding tax reporting obligations and potential penalties for non-compliance. The form also provides information on various reporting requirements and definitions related to the transaction.

Uploaded by

adamzhang1679
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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BYTEDANCE LTD

PO BOX 31119 GRAND PAVILION


HIBISCUS WAY 802 WEST BAY RD
GRAND CAYMAN KY1-1205
CAYMAN ISLANDS
424-351-0993

ANXIANG ZHANG
1228 BALBOA CT
APT 18
SUNNYVALE, CA 94086

CORRECTED (if checked)


PAYER'S name, street address, city or town, state or province, country,
ZIP or foreign postal code, and telephone no.
Applicable checkbox on Form 8949 B OMB No. 1545-0715 Proceeds From
Broker and
BYTEDANCE LTD
PO BOX 31119 GRAND PAVILION
1b Date acquired 09/05/2023
2023 Barter Exchange
HIBISCUS WAY 802 WEST BAY RD 1c Date sold or disposed 10/30/2023 Form 1099-B Transactions
GRAND CAYMAN KY1-1205
CAYMAN ISLANDS 1a Description of property (Example: 100 sh. XYZ Co.) 1d Proceeds
424-351-0993 51 SHARES OF BYTEDANCE LTD $8,160.00
1e Cost or other basis 2 Short-term gain or loss X
PAYER'S TIN RECIPIENT'S TIN $8,039.13 Copy B
98-1771591 ***-**-0009 Long-term gain or loss For Recipient
1f Accrued market discount
RECIPIENT'S name, street address (including apt. no.), city or town, This is important tax
state or province, country, and ZIP or foreign postal code. Ordinary
information and is being
ANXIANG ZHANG 1g Wash sale loss disallowed 3 If checked, proceeds from:
Collectibles furnished to the IRS. If you
1228 BALBOA CT are required to file a return,
APT 18 QOF
4 Federal income tax withheld a negligence penalty or other
SUNNYVALE, CA 94086 5 If checked, noncovered security sanction may be imposed on
X
6 Reported to IRS: Gross proceeds you if this income is taxable
7 If checked, loss is not allowed and the IRS determines that
Net proceeds based on amount in 1d
it has not been reported.
8 Profit or (loss) realized in 2023 on closed 9 Unrealized profit or (loss) on open
Account number (see instructions) contracts contracts-12/31/2022
57675
CUSIP number FATCA filing 10 Unrealized profit or (loss) on open 11 Aggregate profit or (loss) on
requirement contracts-12/31/2023 contracts

14 State name 15 State identification no. 16 State tax withheld


12 If checked, basis reported to IRS 13 Bartering

Form 1099-B (Keep for your records) www.irs.gov/Form1099B Department of the Treasury - Internal Revenue Service

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1099-B Instructions for Recipient
Brokers and barter exchanges must report proceeds from (and in some cases, basis for) and Pub. 550. If box 5 is checked, box 1f may be blank.
transactions to you and the IRS on Form 1099-B. Box 1g. Shows the amount of nondeductible loss in a wash sale transaction. For details on
Reporting is also required when your broker knows or has reason to know that a wash sales, see the Schedule D (Form 1040) instructions, the Instructions for
corporation in which you own stock has had a reportable change in control or capital Form 8949, and Pub. 550. If box 5 is checked, box 1g may be blank.
structure. You may be required to recognize gain from the receipt of cash, stock, or other Box 2. The short-term and long-term boxes pertain to short-term gain or loss and long-term
property that was exchanged for the corporation's stock. If your broker reported this type gain or loss. If the "Ordinary" box is checked, your security may be subject to special rules.
of transaction to you, the corporation is identified in box 1a. For example, gain on a contingent payment debt instrument subject to the noncontingent
Recipient's taxpayer identification number (TIN). For your protection, this form may show bond method is generally treated as ordinary interest income rather than as capital gain.
only the last four digits of your TIN (social security number (SSN), individual taxpayer See the Instructions for Form 8949, Pub. 550, or Pub. 1212 for more details on whether
identification number (ITIN), adoption taxpayer identification number (ATIN), or employer there are any special rules or adjustments that might apply to your security. If box 5
identification number (EIN)). However, the issuer has reported your complete TIN to the is checked, box 2 may be blank.
IRS. Box 3. If checked, proceeds are from a transaction involving collectibles or from a
Account number. May show an account or other unique number the payer assigned to Qualified Opportunity Fund (QOF).
distinguish your account. Box 4. Shows backup withholding. Generally, a payer must backup withhold if you did not
CUSIP number. Shows the CUSIP (Committee on Uniform Security Identification furnish your TIN to the payer. See Form W-9 for information on
Procedures) number or other applicable identifying number. backup withholding.
FATCA filing requirement. If the FATCA filing requirement box is checked, the payer is Include this amount on your income tax return as tax withheld.
reporting on this Form 1099 to satisfy its account reporting requirement under chapter 4 of Box 5. If checked, the securities sold were noncovered securities and boxes 1b, 1e, 1f, 1g,
the Internal Revenue Code. You may also have a filing requirement. See the Instructions for and 2 may be blank. Generally, a noncovered security means: (a) stock purchased before
Form 8938. 2011, (b) stock in most mutual funds purchased before 2012, (c) stock purchased in or
Applicable checkbox on Form 8949. Indicates where to report this transaction on Form transferred to a dividend reinvestment plan before 2012, (d) debt acquired before 2014,
8949 and Schedule D (Form 1040), and which checkbox is applicable. See (e) options granted or acquired before 2014, and (f) securities futures contracts executed
the instructions for your Schedule D (Form 1040) and/or Form 8949. before 2014.
Box 1a. Shows a brief description of the item or service for which amounts are being Box 6. If the exercise of a noncompensatory option resulted in a sale of a security, a
reported. For regulated futures contracts and forward contracts, "RFC" or other appropriate checked "Net proceeds" box indicates whether the amount in box 1d was adjusted
description may be shown. For Section 1256 option contracts, "Section 1256 option" or for option premium.
other appropriate description may be shown. For a corporation that had a reportable change Box 7. If checked, you cannot take a loss on your tax return based on gross proceeds from
in control or capital structure, this box may show the class of stock as C (common), P a reportable change in control or capital structure reported in box 1d. See the Form 8949
(preferred), or O (other). and Schedule D (Form 1040) instructions. The broker should advise you of any
Box 1b. This box may be blank if box 5 is checked or if the securities sold were acquired losses on a separate statement.
on a variety of dates. For short sales, the date shown is the date you acquired the security Regulated Futures Contracts, Foreign Currency Contracts, and Section 1256 Option
delivered to close the short sale. Contracts (Boxes 8 Through 11)
Box 1c. Shows the trade date of the sale or exchange. For short sales, the date shown is Box 8. Shows the profit or (loss) realized on regulated futures, foreign currency, or Section
the date the security was delivered to close the short sale. For aggregate reporting in boxes 1256 option contracts closed during 2023.
8 through 11, no entry will be present. Box 9. Shows any year-end adjustment to the profit or (loss) shown in box 8 due to open
Box 1d. Shows the cash proceeds, reduced by any commissions or transfer taxes related to contracts on December 31, 2022.
the sale, for transactions involving stocks, debt, commodities, forward contracts, Box 10. Shows the unrealized profit or (loss) on open contracts held in your account on
non-Section 1256 option contracts, or securities futures contracts. May show the proceeds December 31, 2023. These are considered closed out as of that date. This will become an
from the disposition of your interest(s) in a widely held fixed investment trust. May also adjustment reported as unrealized profit or (loss) on open contracts-12/31/2023 in 2024.
show the aggregate amount of cash and the fair market value of any stock or other Box 11. Boxes 8, 9, and 10 are all used to figure the aggregate profit or (loss) on regulated
property received in a reportable change in control or capital structure arising from the futures, foreign currency, or Section 1256 option contracts for the year. Include this
corporate transfer of property to a foreign corporation. Losses on forward contracts or amount on your 2023 Form 6781.
non-Section 1256 option contracts are shown in parentheses. This box does not include Box 12. If checked, the basis in box 1e has been reported to the IRS and either the
proceeds from regulated futures contracts or Section 1256 option contracts. Report this short-term or the long-term gain or loss box in box 2 will be checked. If box 12 is checked
amount on Form 8949 or on Schedule D (Form 1040) (whichever is applicable) on Form(s) 1099-B and NO adjustment is required, see the instructions for your Schedule D
as explained in the Instructions for Schedule D (Form 1040). (Form 1040)as you may be able to report your transaction directly on Schedule
Box 1e. Shows the cost or other basis of securities sold. If the securities were acquired D (Form 1040). If the "Ordinary" box in box 2 is checked,
through the exercise of a noncompensatory option granted or acquired on or after January an adjustment may be required.
1, 2014, the basis has been adjusted to reflect your option premium. If the securities were Box 13. Shows the cash you received, the fair market value of any property or services
acquired through the exercise of a noncompensatory option granted or acquired before you received, and the fair market value of any trade credits or scrip credited to your
January 1, 2014, your broker is permitted, but not required, to adjust the basis to reflect account by a barter exchange.
your option premium. If the securities were acquired through the exercise of a See Pub. 525.
compensatory option, the basis has not been adjusted to include any amount related to the Boxes 14-16. Show state(s)/local income tax information.
option that was reported to you on a Form W-2. If box 5 is checked, box 1e may be blank. Future developments. For the latest information about any developments related to Form
See the Instructions for Form 8949, the Instructions for Schedule D (Form 1040), 1099-B and its instructions, such as legislation enacted after they were published, go to
or Pub. 550 for details. www.irs.gov/Form1099B.
Box 1f. Shows the amount of accrued market discount. For details on market discount, see Free File Program. Go to www.irs.gov/FreeFile to see if you qualify
the Schedule D (Form 1040) instructions, the Instructions for Form 8949, for no-cost online federal tax preparation, e-filing, and direct deposit or payment options.

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