Is there a certain threshold of gains and losses I must cross before I can receive my 1099-B form from Robinhood or TD Ameritrade?
Asked 3 years ago
From what I can see on the internet, there's none. You should receive a 1099-B as long as you had a taxable event on that trading year. However, I'm quite confused because a friend told me he sold shares last year, but he didn't receive his 1099 form from Robinhood.
Thursday, May 27, 2021
Thursday, April 21, 2022
Most investors will need to submit a 1099-b form to the Internal Revenue Service, whether you are using Robinhood or TD Ameritrade.
Clients will be automatically sent these forms.
But there are a few exceptions:
- You did not earn more than $10 in dividends.
- You did not sell any investments for the tax year.
- Your free referral stocks were less than $600.
Overall, any short-term capital gains will be inserted into your regular income on your tax return.
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