Reply To: 1099-B on individual stocks and wash sale reporting

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#2296
Sasha
Participant

Thank you, Thomas and Kaneohe, for your replies and discussion. It was very helpful.

In regards to the bank bonus/promotion, I haven’t received any form from the banks and I’m not positive if I’ll ever will because it’s less than $300. Schwab gave $100 for opening a checking account and another bank gave $200 (that account has already been closed). When I earned such bonus/promotion $$ in the past, but didn’t get any paperwork from the bank, I reported them on Line 21 of the old 1040 and wrote “bank promo” on the dotted line. I thought it was appropriate, no?

Thank you for the helpful answers.