Am I required to report a $20 loss from small stock trading through Robinhood? Trying to prevent paying an extra $90 by upgrading to Deluxe.

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Am I required to report a $20 loss from small stock trading through Robinhood? Trying to prevent paying an extra $90 by upgrading to Deluxe.

Even if your loss is only $20 you still need to report it on your return.

The IRS will receive a copy of your 1099R and they expect you to report it on your return.

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