I made small investments in the beginning of 2020 with a stock trading app. At one point did sell around 200.00 worth for a 50.00 increase, do I need to claim it?

posted

Connect with an expert

1 Reply

If you have a filing requirement, then "yes" you need to report it.

The tax code requires that ALL income is reported from whatever source derived.

*A reminder that posts in a forum such as this do not constitute tax advice.
Also keep in mind the date of replies, as tax law changes.

Still have questions?

Questions are answered within a few hours on average.

*Must create login to post

Unlock tailored help options in your account.