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Stock sale

I sold stocks for the first time in 2021.  My end of year statement from my broker shows Form 8949 with varying amounts, but my 1099-B is $0.  Do I need to include the stock sale on my taxes since the 1099-B is $0?

 

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3 Replies

Stock sale

we can see your documents. clarify the situation with your broker.

 

Stock sale

@HeatherB123 
IRS requires details of your SELL transactions to be listed on a Form 8949,
or on your other forms (e.g. consolidated 1099-B) which have the same information and in the same manner as Form 8949.

 

At tax time, you will  summarize your transactions by Sales Category.

Reporting Exception: if you summarize Category A or Category D, Form 8949 is not needed for transactions without adjustments. No mailing is necessary.

Stock sale

If your 1099-B is messed up,

either you get it corrected,

or you report using your own records.

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