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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?
posted
March 18, 20226:21 PM
last updatedMarch 18, 20226:21 PM
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3 Replies
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Robinhood 1099-B & 1099-Composite
ALL sales must be reported regardless of the size.
March 18, 20226:43 PM
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Robinhood 1099-B & 1099-Composite
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.
March 18, 20226:54 PM
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Robinhood 1099-B & 1099-Composite
Thank you for your replies.
March 19, 20227:42 AM
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