1099-B under $20

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bUU
Posts: 608
Joined: Sun Nov 25, 2012 10:41 am

1099-B under $20

Post by bUU »

We had several sales of fractional shares in 2023. Half of them were over $20, the other half under $10. I read in another thread that, "The broker is required to send you a 1099-B if the gross proceed is at least $20." So I feel it is a safe assumption that that's why I have only received statements for the first half. My question is: Can I just manually enter the other half of them, based on my own records? Or am I required to do so? (They're losses, for what it is worth.)
livesoft
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Re: 1099-B under $20

Post by livesoft »

Of course, you should report your sales. Yes, you can enter them.
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rantk81
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Re: 1099-B under $20

Post by rantk81 »

You can either wait longer to see if they generate a 1099-B, or you can file your taxes (and report the sales accurately according to your records.) If you do file now, and a 1099 is later generated that does not match your records, you can amend your filing later if you realize the 1099 is more correct than your initial filing.
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bUU
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Re: 1099-B under $20

Post by bUU »

Thanks!
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