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Did not receive 1099-B because under $10 | Box A or Box C Transaction?

Hello. I have one transaction in a WeBull trading account in 2022. Because profits did not exceed $10, I did not receive a 1099-B. 

 

However, I think brokers are still required to report to IRS even though they don't issue a 1099-B to clients, correct? I also requested a cost-basis record from WeBull's clearinghouse of this transaction.

 

Should this transaction appear under "Box C Short-term transactions not reported to you on form 1099-B." or "Box A Short-term transactions reported on Form(s) 1099-B showing basis was reported to the IRS"?

 

Box C is correct in that I did not receive a 1099-B. But Box A seems correct for accounting, especially if I traded this same ticker in other accounts, and had to consolidate gains/losses/wash sales. 

 

Thank you.

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3 Replies

Did not receive 1099-B because under $10 | Box A or Box C Transaction?

Did not receive 1099-B because under $10 | Box A or Box C Transaction?

Thank you for the link @tagteam. However the post did not address my question; I am aware I need to report it. My question is does the transaction fall under:

 

"Box A Short-term transactions reported on Form(s) 1099-B showing basis was reported to the IRS"?

OR

"Box C Short-term transactions not reported to you on form 1099-B."

 

Thank you.

Did not receive 1099-B because under $10 | Box A or Box C Transaction?

I would say (guess) it's the latter since you never did receive a 1099-B.

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