Received my year-end report from my brokerage, and I see that there is a $0.57 long-term realized loss resulting from a stock merger. There is a notation next to the item saying that this is not reported on 1099-B, but that I should report this on Form 8949, Part II, with Box F check.
My question is: do I really have to report this $0.57 loss? It's not reported on my form 1099-B, and seems nonsensical for me to have to file an extra form (8949) just to report $0.57 in capital loss.
You'll need to sign in or create an account to connect with an expert.
Don't worry about the forms. TT will fill out all the needed forms for you.
What you should do is to enter the data.
TT will do the rest for you.
On the other hand if you ignore it you'll probably be ok because the IRS doesn't have the info and it is a loss (so reporting it is in your favor) and it is < $1. But why not do it right because it is so easy to do.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
obeteta
New Member
Bluesky-888
Level 2
tony-tman-moore
Returning Member
redmoose
Returning Member
St0nemason
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.