The broker must issue an IRS Form 1099-B reporting the gross proceeds you received in the sale.

FORBES: Forms 1099 For Cost Basis: What, Me Worry?

Beginning in 2012, businesses were to issue Forms 1099 for payments for any type of property and gross proceeds.

FORBES: Forms 1099 Are Going, Going, Gone

Acknowledging their increasing value, Sony's Columbia Pictures agreed in February to give writers a stake in a movie's gross proceeds.

FORBES: Fillow-Through

But his performance fee can rise to 10% or more of the gross proceeds if the return is greater than 30%.

FORBES: Magazine Article

These two additions seem destined to go by the wayside before they take effect for property and gross proceeds Forms 1099 in 2012.

FORBES: Partial Form 1099 Repeal Likely

With no definition of what constitute gross proceeds, any payment for anything is probably fair game, including payments to utility companies, vendors, suppliers, and customers.

FORBES: Partial Form 1099 Repeal Likely

Property, gross proceeds and corporations, oh my!

FORBES: Got IRS Forms 1099? More Soon

And Congress is likely soon to require brokers to report to the Internal Revenue Service and to you not just the gross proceeds of securities sales (as they do now on form 1099-B) but also your cost basis.

FORBES: It Pays to Know Your Number

In coming years, brokers and banks will likely have to report to the Internal Revenue Service (and to you) not just the gross proceeds of your stock and mutual fund sales (as they do now), but also what you paid for those shares.

FORBES: Basis In Truth

If the expatriate does not file a U.S. income tax return for the year of the sale, the IRS will issue a notice of deficiency to him at his last known address for income tax on the gross sale proceeds.

FORBES: Oh Canada! Our Home and Adopted Land