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Level 3
posted Apr 11, 2022 6:15:36 PM

Do I need to file 1099s that have all 0s ($0)?

I received a consolidated securities 1099 from Robinhood that includes a summary of several different 1099s (

SECTION 1256 CONTRACTS B, DIV, and MISC). Two of them read all $0. Do I/should I file these or does the all 0s mean there is nothing to report? Since I was sent this I just wanted to confirm that I wasn't required to file it either way. Thanks for the help!

0 3 7301
3 Replies
Expert Alumni
Apr 11, 2022 6:27:47 PM

There is no reason to enter anything for the items with $0.  Any amount less than $0.50 will round down to zero, so no need to enter those either, if you have any.

Level 3
Apr 11, 2022 6:36:47 PM

Thanks! So if everything in a 1099-MISC reads $0 (for example) I wouldn't need to file that 1099-MISC at all on my return?

Expert Alumni
Apr 12, 2022 6:47:11 AM

Yes, that's correct. If your 1099-MISC form is all zero's, you don't have to enter it on your tax return.