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New Member
posted Apr 28, 2023 2:14:28 PM

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

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1 Best answer
Level 15
Apr 28, 2023 2:16:43 PM

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

 

2 Replies
Level 15
Apr 28, 2023 2:16:43 PM

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

 

Level 15
Apr 28, 2023 6:00:38 PM

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