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Get your taxes done using TurboTax
Yes, you have to claim the Form 1099-B on your income tax return no matter how small.
If you're required to file an income tax return, generally, any amount included in your income is taxable unless it is specifically exempted by law. Income that is taxable must be reported on your return and is subject to tax. Income that is nontaxable may have to be shown on your tax return but is not taxable.
- A list is available in Publication 525, Taxable and Nontaxable Income.
You may be able to use the IRS Free File Program.
- The IRS Free File Program delivered by TurboTax is geared towards lower-income filers, regardless of tax return complexity, and is only offered through the IRS Free File Alliance (FFA) program. No upgrades are available.
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‎February 17, 2021
11:31 AM