Sign Up

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
cancel
Showing results for 
Search instead for 
Did you mean: 
FredM
New Member

Is it required to enter 1099 data if all entries are zero? I had an inactive account, but the firm was required to send me 1099 anyway.

 
1 Best answer

Accepted Solutions
MinhT
Expert Alumni

Is it required to enter 1099 data if all entries are zero? I had an inactive account, but the firm was required to send me 1099 anyway.

If all amounts are 0 on your form 1099, you do not need to enter it on your tax return.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post

1 Reply
MinhT
Expert Alumni

Is it required to enter 1099 data if all entries are zero? I had an inactive account, but the firm was required to send me 1099 anyway.

If all amounts are 0 on your form 1099, you do not need to enter it on your tax return.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
Dynamic AdsDynamic Ads
Privacy Settings
v