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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)?

 
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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.

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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!
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