How do I report gains that are under 10 bucks on my brokerage sites? I made 1500 on crypto and $50 on stocks from another brokerage. Only made 1.50 on the other. No 1099

Wions · ‎June 4, 2019

So I have made under 2,000 in stock/crypto gains last year. My problem is I have other brokers for stock. Oe one brokerage I made 1.50 and I do not know how to report that as my broker on the website says they do not have to provide a tax form since it is under 10 bucks. I just want to know HOW do i report this and WHERE I report this?

fanfare · ‎June 4, 2019

after you report the gains on your other accounts, the tax on $1.50 is zero
a gain of $50 with no 1099-B is sales category C (or F if Long term). In the 1099-B entry, after "tell us about your 1099-B", choose the "I'll enter it myself" option. and select the right category

View solution in original post

fanfare · ‎June 4, 2019

If you sold stock the broker is required to supply you a 1099-B.

Wions · ‎June 4, 2019

I know but it’s only 1.50 and they said by law it would have to be 10 I just checked I didn’t get the gain until this year not last year I never sold so do I have to report if I just bought it?

fanfare · ‎June 4, 2019

you only report sell transactions on your tax return.

How do I report gains that are under 10 bucks on my brokerage sites? I made 1500 on crypto and $50 on stocks from another brokerage. Only made 1.50 on the other. No 1099

Investors & landlords

Investors & landlords

Investors & landlords

Investors & landlords