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 for that, do I still need to include that amount or that I can safely omit it?

2449

Level 15

Mar 18, 2022 6:43:58 PM

ALL sales must be reported regardless of the size.

Returning Member

Mar 18, 2022 6:54:22 PM

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.

Level 3

Mar 19, 2022 7:42:15 AM

Thank you for your replies.

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Robinhood 1099-B & 1099-Composite