Do I need file transactions from 1099-B if proceeds (1e) are the same as Cost Basis (1e)?

I received 1099-B (crypto trading). I cannot report summery without mailing to IRS because box 5 is checked. So I am reporting all transactions in my tax return instead of mailing. Some of my transactions have proceeds (1e) e.g. $99.98 are the same as Cost Basis (1e) e.g. $99.98. Do I need report such transactions or can I skip them?

posted

Connect with an expert

2 Replies

Do I need file transactions from 1099-B if proceeds (1e) are the same as Cost Basis (1e)?

yes, because the IRS will get a report and know you omitted the sales. then you can expect a notice.

Do I need file transactions from 1099-B if proceeds (1e) are the same as Cost Basis (1e)?

sorry, didn't get it. Do I need add them to file, correct?

Still have questions?