My stock brokerage account sent me 1099 form, so I am not sure if do I really need to file an amount of my losses and profits. (its only under $100). Thanks

[khaydarovm]

So just to clarify, it means that I don't need to file anything, is that correct?

[khaydarovm]

And yes, I can clearly see now how 1099 info carries to the 8949

[ThomasM]

It means you aren't required to file.  But my advice is to file anyway for the reasons I've described.  That's up to you, however.

[khaydarovm]

Got it, thank you very much for your help!

[t_naveed]

Hi,

What have you done finally?

I am having same issue. I got an 1099 form and grand total is $53.. My professor said to invest and understand the stock market..so i have invested. I am a full time student.i have never filed individual tax because i am dependent on my parent. My parents have a joint tax file and they claimed  me as dependent..i dont work so i have never filed my tax indivudually.

So what can i do regarding the 1099 form???