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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

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

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

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

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

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.

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

Got it, thank you very much for your help!
t_naveed
Returning Member

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

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???

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