turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

1-602177
New Member

Must I report a 1099-B if there are no proceeds (only a small basis that results in a small ST loss that is not worth upgrading for)?

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions
Rachel_W
Expert Alumni

Must I report a 1099-B if there are no proceeds (only a small basis that results in a small ST loss that is not worth upgrading for)?

No, if there are no Proceeds shown in Box 1d of Form 1099-B, you do not have to report it if you are willing to forego writing off the ST loss.

View solution in original post

2 Replies
Rachel_W
Expert Alumni

Must I report a 1099-B if there are no proceeds (only a small basis that results in a small ST loss that is not worth upgrading for)?

No, if there are no Proceeds shown in Box 1d of Form 1099-B, you do not have to report it if you are willing to forego writing off the ST loss.

1-602177
New Member

Must I report a 1099-B if there are no proceeds (only a small basis that results in a small ST loss that is not worth upgrading for)?

Thank you!
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question