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texasny
New Member

I bought and sold all my stocks in 2016, and I made a $1.74 in total for all my investment through Robinhood. Do I still have to report it? If so, how can I report this?

 
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RichardK
New Member

I bought and sold all my stocks in 2016, and I made a $1.74 in total for all my investment through Robinhood. Do I still have to report it? If so, how can I report this?

Yes, you must report all stock sales, even if you lost money. The investment firm reports the total sales price of the securities and the IRS is looking for you to tell them how much is income or loss on each exchange. Click here for IRS publication 550 Investment Income and Expenses, for more information on securities transactions.

I bought and sold all my stocks in 2016, and I made a $1.74 in total for all my investment through Robinhood. Do I still have to report it? If so, how can I report this?

Interestingly enough, Robinhood is a Financial Partner so you can use the Import function for this.

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