2678685
I received a consolidated securities 1099 from Robinhood that includes a summary of several different 1099s (
SECTION 1256 CONTRACTS B, DIV, and MISC). Two of them read all $0. Do I/should I file these or does the all 0s mean there is nothing to report? Since I was sent this I just wanted to confirm that I wasn't required to file it either way. Thanks for the help!
You'll need to sign in or create an account to connect with an expert.
There is no reason to enter anything for the items with $0. Any amount less than $0.50 will round down to zero, so no need to enter those either, if you have any.
Thanks! So if everything in a 1099-MISC reads $0 (for example) I wouldn't need to file that 1099-MISC at all on my return?
Yes, that's correct. If your 1099-MISC form is all zero's, you don't have to enter it on your tax return.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
leffertswh
New Member
hunny8
New Member
hpccpatest
Level 2
Bmck345
Level 2
waltersdo
New Member