E*TRADE tells me they only report cash in lieu of fractional shares on 1099-B if greater than $20. Do I still have to report these transactions on my tax return?

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E*TRADE tells me they only report cash in lieu of fractional shares on 1099-B if greater than $20. Do I still have to report these transactions on my tax return?

Yes. Although your financial firm is not required to report the transaction, taxpayers are required to report all income.

See the TurboTax article What is Taxable Income below for more information.

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