Easy solution, follow these steps:
First, go through your transactions and remove all personal property losses. The IRS expects each transaction looked at in case of any of the transactions were loss due to personal use, such as lunch at Starbucks or payments towards bills, etc. Loss on use of personal property should not be included on your return. The gains are included along with any (gain or loss) transactions that were investment related.
Second, you need to enter only two lines.
In the 1099-B section, enter whatever is left after step 1 personal losses are removed:
- the total short term and
- total long term transactions
If you do the summary, you will mail a copy of your Robinhood forms to the IRS. The program will give you instructions.
@kristenmary
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