Items below relate to the proceeds from broker and barter exchange transactions. Form 1099-B reports proceeds paid from broker and barter exchange transactions for each person for whom the broker has sold stock, bonds, commodities, regulated futures, contracts, etc., or who exchanged property or services through the barter exchange. Any person, including a governmental unit and any agency or instrumentality doing business as a broker or barter exchange files a Form 1099-B.

Broker means a person that, in the ordinary course of a trade or business, stands ready to effect sales to be made by others. The transactions involving regulated futures or foreign currency contracts are reported on an aggregate basis.

Barter exchange means any person with members or clients that contract either with each other or with such person to trade or barter property or services either directly or through such person. The term does not include arrangements that provide solely for the informal exchange of similar services on a noncommercial basis.

STOCKS AND BONDS --The gross proceeds from any disposition of securities (including short sales), commodities, or forward contracts. The underlying asset was the item disposed of. The money field is positive.

BARTERING--Gross amounts received by a member or client of a barter exchange for good or services. This includes cash received, property or services received, a credit on the books, or scrip issued. There is no underlying asset account. The money field is positive.

AGGREGATE PROFIT AND LOSS--In a bartering transaction, the aggregate profit or (loss) for the year from regulated futures or foreign currency contracts. The underlying asset account is the futures or currency contracts. The money field is positive or negative (-).

PROFIT AND LOSS LAST HALF OF 1986--In a bartering transaction, the profit or (loss) realized by the customer on closed regulated futures or foreign currency contracts in 1986. The underlying asset is the futures or currency contracts. The money field is positive or negative (-).

UNREALIZED PROFIT AND LOSS ON OPEN CONTRACTS FROM 1985--In a bartering transaction, the unrealized profit or (loss) on open regulated futures on foreign currency contracts at the end of 1985. The underlying asset is the futures or currency contracts. The money field is positive or negative (-).

UNREALIZED PROFIT AND LOSS ON OPEN CONTRACTS FOR 1986--In a bartering transaction, the unrealized profit or (loss) on open regulated futures or foreign currency contracts on December 31, 1986. The underlying asset is the futures or currency contracts. The money field is positive or negative (-).