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avel4757
January 21, 2020
Question

So I invested in Robinhood under $100 and did sell stocks but had on my statements they all on $0 meaning no profits of any kind what I want to know is if I don’t report this when I file will I b

  • January 21, 2020
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AmyC
AmyC
Employee
January 21, 2020

Any time you sell stock, the IRS knows. File your return showing that you sold stock along with the basis. It is better to avoid a letter from the IRS stating that it was all profit and you owe money.

 

Your broker will send Form 1099B showing your transactions. You will need to enter that information into your return. You will be able to get the form online by February 18 according to the Robinhood website. 

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