JamesG1
Expert Alumni

State tax filing

If you constructively received the income in 2022, the IRS says that the income should be taxed on the 2022 Federal 1040 tax return.

 

Likewise, if you invested $90 and withdrew $48, you may be able to report a loss on your investment.

 

Given the small amounts, the stock app may or may not provide a report or tax reporting documents.

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