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lbana1
New Member

I received a 2018 form 1099B with proceeds (box1d) of $0.18. Do I need to claim thiis? I am using Turbo Tax deluxe.

 
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TomK
Expert Alumni

I received a 2018 form 1099B with proceeds (box1d) of $0.18. Do I need to claim thiis? I am using Turbo Tax deluxe.

Yes, you will need to report it.  There is no minimum amount for reporting income to the IRS.  

Granted, declaring the $0.18 may seem nonsensical, but there may be other information that needs to be reported, so unless it is the ONLY 1099-B entry, you want to include all entries.

Please read this TurboTax FAQ for additional information about entering a 1099-B form Where do I enter a 1099-B?

[Edited 2/24/19 | 3:51pm]

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2 Replies
TomK
Expert Alumni

I received a 2018 form 1099B with proceeds (box1d) of $0.18. Do I need to claim thiis? I am using Turbo Tax deluxe.

Yes, you will need to report it.  There is no minimum amount for reporting income to the IRS.  

Granted, declaring the $0.18 may seem nonsensical, but there may be other information that needs to be reported, so unless it is the ONLY 1099-B entry, you want to include all entries.

Please read this TurboTax FAQ for additional information about entering a 1099-B form Where do I enter a 1099-B?

[Edited 2/24/19 | 3:51pm]

TomK
Expert Alumni

I received a 2018 form 1099B with proceeds (box1d) of $0.18. Do I need to claim thiis? I am using Turbo Tax deluxe.

Please see updated answer.
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