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Robinhood 1099-B & 1099-Composite

I sold some Crypto for fun and got a net gain of $9.10 as well as some free units of stocks for a net gain of $0.63.

 

I read somewhere that if net gain is under $200, I need not include that in my tax return. But since Robinhood sent me a 1099-B and 1099-Composite $9.10_1.jpg$9.10_2.jpgfor that, do I still need to include that amount or that I can safely omit it?

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3 Replies

Robinhood 1099-B & 1099-Composite

ALL sales must be reported regardless of the size. 

ckpryor
Returning Member

Robinhood 1099-B & 1099-Composite

Critter - 3 is correct. Any sales of stock or crypto are considered a taxable event, therefore must be reported to the IRS to match what is being reported by Robinhood to the IRS.

Robinhood 1099-B & 1099-Composite

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