I have a 1099-B Form for a short sale that was a profit of about $13, but all the fields on the 1099-B are 0.00. Do I still need to report this form in my taxes?
041015
4 Replies
fanfare
Level 15
Mar 21, 2021 5:42:06 PM
13 not equal to zero, so which is it?.
all the other fields zero but gain of 13 makes no sense
If you have any sell transaction in 2020 you have to report it on your tax return.
Closing a short sale in 2020 is also reported
fanfare
Level 15
Mar 21, 2021 5:44:40 PM
Is $13 a dividend you had to pay while being short stock?
There are special rules for that situation.
Anonymous
Not applicable
Mar 21, 2021 6:55:51 PM
Nope, the $13 was not a dividend. It was only because the stock price was slightly higher when I sold it than what it was when I purchased it.
fanfare
Level 15
Mar 21, 2021 9:10:20 PM
if you know the cost and proceeds, enter those amounts from your own records.
date acquired is the date you closed the short sale.
date disposed is two business days later (settlement).