I received 1099-B (crypto trading). I cannot report summery without mailing to IRS because box 5 is checked. So I am reporting all transactions in my tax return instead of mailing. Some of my transactions have proceeds (1e) e.g. $99.98 are the same as Cost Basis (1e) e.g. $99.98. Do I need report such transactions or can I skip them?
You'll need to sign in or create an account to connect with an expert.
yes, because the IRS will get a report and know you omitted the sales. then you can expect a notice.
sorry, didn't get it. Do I need add them to file, correct?
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
walnist
Level 1
niubi
Level 1
kritter-k
Level 2
crdixonaz
New Member
Mcb050032
Level 2
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.