Open TurboTax

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Announcements
Still need to file? Our experts can get your taxes done right. Get started >
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

cancel
Showing results for 
Search instead for 
Did you mean: 
yatoshura
Level 2

If I brought some stocks with Robinhood app in 2017 and didn't sell any units, do I need to report my purchase on my 1040?

Does buying stocks on my own using apps like Robinhood require me to report anything on my 1040?

1 Reply
LisaBr
New Member

If I brought some stocks with Robinhood app in 2017 and didn't sell any units, do I need to report my purchase on my 1040?

No, you will not report your stock purchases unless they were sold in 2017.

You will report the purchase price paid for these stocks when they are sold.  At that time, you will be issued a 1099-B that will report the sales from your brokerage firm (Robinhood).

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
message box icon

Ready to start your taxes?

Hand off your taxes, get expert help, or do it yourself.

See Pricing
Manage cookies
v
ABCDEFGHIJKLMNOPQRSTUVWXYZabcdefghijklmnopqrstuvwxyz0123456789-_~