Webull free stocks sold

[daewkim]

The free 5 stocks I received from Webull show $0.0001 on Webull document and it sold by $5.25.

It does not show on 1099-MISC. How can I file these stocks?

[JamesG1]

The free stocks will reported on an IRS form 1099-MISC.  You may not have received the form because your transactions did not reach the minimum reporting limit of $600.

However, the IRS says that the income is still reportable.  Follow these steps to report the taxable income.

• Down the left side of the screen, click Federal.
• Down the left side of the screen, click Wages & Income.
• Click Show more to the right of Less Common Income.
• To the right of Miscellaneous Income, 1099-A, 1099-C, click the Start / Revisit button.
• To the right of Other reportable income, click the Start / Revisit button.
• At the screen Other Taxable Income, enter a description and an amount. 

The entry will be reported:

• on line 8z of Schedule 1 of the Federal 1040 tax return, and 
• on line 8 of the Federal 1040 tax return.

@daewkim 

[nicolegaris]

I’m in the same situation and following these steps i am still not permitted to efile

[MoniqueLO_]

What message are you receiving when you try to e-file?

@nicolegaris