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March 3, 2024
Question

Do I need to report a 1099-B if there are no gains or losses?

  • March 3, 2024
  • 1 reply
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1 reply

SharonD007
March 3, 2024

Yes, you must report the transactions on your tax return even if there are no gains or losses.  If you don't report the sales transactions, you may receive a letter from the IRS stating that you didn't report some of your income.

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