MargaretL
Expert Alumni

Investors & landlords

Yes, you should report the form 1099-B on your tax return... not because it may or may not be worth it for you to upgrade, but because the IRS has a copy of the form and will be looking for it on your tax return.  You should report the proceeds to avoid summer correspondence from the IRS.  Even if the loss will not impact your tax return greatly, you are required to report it for matching purposes. 

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