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4-viking
New Member

I did not sell any stock. I have such a little amount invested I didn't even get a 1099. Do I have to report anything?

When I review my account it asks if I made 1-3 sales.  I didnt even make 1.  How do I enter something so it wont keep telling me to review it.
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5 Replies
Carl
Level 15

I did not sell any stock. I have such a little amount invested I didn't even get a 1099. Do I have to report anything?

Some people chose to report their gains/losses on stock investments every year. Others (particularly with long-term stocks held more than a year) chose to not report the gain/loss until the year they sell the stock. If you didn't get a 1099-B, then the choice is yours.

 

I did not sell any stock. I have such a little amount invested I didn't even get a 1099. Do I have to report anything?

@Carl   Huh? You only report actual sales and have to report it the year you sell it.  Or did the op change their question?

 

If the stock is in a 401K or IRA Account you do not report the sales.  You only report distributions that you get a 1099R for instead of a 1099 B.

 

@4-viking dont know why or where it's asking you to review it.  Did you import any 1099?  It may have also imported a 1099B you didn't know about.  Maybe some shares were sold to pay a fee?

Carl
Level 15

I did not sell any stock. I have such a little amount invested I didn't even get a 1099. Do I have to report anything?

You only report actual sales and have to report it the year you sell it.

I won't dispute that, as I myself have rarely dabbled in the market directly. But what about dividend payouts? Or is that to far outside the scope of this post?

 

I did not sell any stock. I have such a little amount invested I didn't even get a 1099. Do I have to report anything?

Yes you have to report dividends, even if they are reinvested.  You get a 1099 Div for dividends.  The op was asking about sales in 1099B.  Sounds like you are thinking of savings bond interest.  You can choose to report it each year or all at the end when you cash them in.

I did not sell any stock. I have such a little amount invested I didn't even get a 1099. Do I have to report anything?


@Carl wrote:

But what about dividend payouts? 


Dividends are reported on Form 1099-DIV or on a consolidated 1099-B; they do not constitute sales or dispositions.

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