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January 5, 2023
Question

My first time selling stock . Sold less than 800.00 do i still need to report this?

  • January 5, 2023
  • 1 reply
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Do i need to report my selling of closed stock valued at 759.  

1 reply

DoninGA
Employee
January 5, 2023

Yes, you are required to report all income on a tax return.  For the stock sale you will need to use the Premier online edition.  Or any of the TurboTax desktop CD/Download editions.

 

You should receive a Form 1099-B from the broker who handled the stock sale in either late January or early February.  The information from the 1099-B is entered on your tax return.

Critter-3
January 6, 2023

If you qualify you can use one of the  8  IRS FREE FILE options (AGI has to be  $73K or less)...  https://www.irs.gov/filing/free-file-do-your-federal-taxes-for-free