So I was told we report everything. Due to an error where I wasn’t able to remove the $10 the same day it was deposited I ended up making $6.34 extra when they deposited it right after. I went to add it manually but TurboTax is saying I have to pay $69 to add the $6.34. Do I seriously need to add this tiny amount and lose so much more money? I’m broke I need every dollar I can get I can’t afford to pay an extra for practically nothing.
03418
3 Replies
fanfare
Level 15
Jan 31, 2022 5:50:18 AM
IRS is not going to come after you for the tax on $6 dollars.
with no 1099-B, the IRS knows nothing about this.
RolaSakuraba
Level 2
Jan 31, 2022 5:55:34 AM
Uphold says they do 1099b on all amounts and they post it to your account on 2/15/22.
I just don’t want them coming after me if I don’t put on $6 I don’t want to pay another $69 cause of it let me just pay the stupid $6 instead!
fanfare
Level 15
Jan 31, 2022 6:05:35 AM
the tax on $6 is $1.32.
IRS is not going to come after you for one dollar.