Do i need to file 1099-b for a $12 proceed

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Do i need to file 1099-b for a $12 proceed

Yes, you have to report all your income, no matter how little it is.

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Do i need to file 1099-b for a $12 proceed

Yes, you have to report all your income, no matter how little it is.

Do i need to file 1099-b for a $12 proceed

It is the gross sales price not just the profit but if the sale is covered then you could leave it off ... the IRS may never ask about it. If you qualify you could use one of the IRS FREE FILE options so you don't need to upgrade to the Premier TT version.

https://www.irs.gov/filing/free-file-do-your-federal-taxes-for-free

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