A

Anonymous

Question

If my capital gain is less than one dollar, do I still need add 1099B form??

Forum|Forum|7 years ago
June 5, 2019
2 replies
0 views

No text available

TurboTax Free Edition Online

Employee

Yes, you will need to claim the income even if you essentially broke even.

To report investment sales in TurboTax:

Click My Account (Top right of your screen).

Select Tools.

In the pop up window, select Topic Search.

In the search bar, type in investment sales

Highlight it and select GO, and follow the prompts.

Employee

How much less? if it is less than 50 cents, don't report it. Your Schedule D would show nothing and would probably not be attached.

Employee

Anyway the IRS is not going to chase you down for the tax on one dollar.