A 1099 Express source record for 1099-SB looks like this:
B|d|SSN|Cor|ForeignAdr|Res|CS|Name1|Name2|Adr|City|State|Zip|Acct|Amt1
Field 1: Capital "B", This is the Record Identifier.
Field 2: FormType. Holds the character "d", indicating 1099-SB Seller's
Investment in Life Insurance Contract.
Filed 3: Seller's Social Security Number.
Field 4: Correction Indicator.
Set if not empty.
Field 5: Foreign Indicator. Set not empty if Seller is Foreign (outside USA).
Field 6: Reserved.
Field 7: Combined State Code.
Field 8: Seller's Name 1 Field.
Field 9: Seller's Name 2 Field, usually empty.
Field 10: Sellers Street Address.
Field 11: City.
Field 12: State Code.
Field 13: Zip Code.
Field 14: Policy number (Account Information). Must be unique to distinguish corrections for duplicate recipients.
Field 15: Amt01-Box 1 Investment in contract.
Field 16: Amt02-Box 2 Surrender amount.
Field 17: Header "iContact".
ISSUER'S information contact name. Max 39.
Fields 17 and higher and not used, and the delimiters need not be present.
Field
1099Express form type is "d". IRS FormType is SB
All Fields are normal Ascii strings, without a Ascii Zero trailer. Each record is terminated by a
carriage return, line feed sequence, when resident on disk. No check boxes or dates.