akj1357
New Member

Do i need to pay tax on selling a stock of $5

Hi team,

I got  a free stock of worth $5 while joining Robinhood which I sold after few days at same price.

So technically i earned $5 in 2020.

Do i need to pay taxes on that $5?

i heard if u have earned less than $10, you are exempt and not supposed to pay any taxes on it.

please clarify and help