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canpablo123
Returning Member

Stash 8949 Form 1099-B

I got a 1099 from stash. I normally file jointly, and we make about 55k a year. the stash 1099 said I got a proceeds 28.85, cost 28.52 and a gain or loss of 0.33. do I have to include this in my taxes and if I have to add this can Ii get by with the deluxe version or do I need to get the premier one

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5 Replies

Stash 8949 Form 1099-B

You got a "process"?  What is that?  What kind of 1099 did you get?  1099B, 1099NEC, 1099G, 1099R etc?

canpablo123
Returning Member

Stash 8949 Form 1099-B

proceed and is a 1099B

AnnetteB6
Employee Tax Expert

Stash 8949 Form 1099-B

The answer is to file a complete and accurate return, you are required to report all of your income.  With rounding though, there is no gain or loss to report since it is less than $1.  

 

It is possible that you would receive a letter from the IRS if you do not report the transaction as part of your return, but it is unlikely, and if you did there would be no real tax consequence when your return was modified to include it.  

 

If the transaction was reported on Form 1099-B, you would need to upgrade to the Premier version of TurboTax Online or use one of the CD/downloaded versions of the program to report it.  

 

@canpablo123

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canpablo123
Returning Member

Stash 8949 Form 1099-B

if I get the deluxe download version can I still report this with that version

JamesG1
Employee Tax Expert

Stash 8949 Form 1099-B

TurboTax Premier version will be needed to report IRS form 8949 and Schedule D.

 

 

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