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

Home Fairmark Forum Taxation of Investments 1099-B on individual stocks and wash sale reporting Reply To: 1099-B on individual stocks and wash sale reporting

#2306
Sasha
Participant

Kaneobe,
I know that companies are not required to issue 1099-Misc if it’s less than $300, so my reasoning goes that the same applies to the promos from the bank. I report just in case the company told the IRS, but not me. I rather pay a few dollars extra in taxes than go through the pain of amending taxes and paying penalties.

Isn’t Feb.15 the deadline to send out 1099’s? So, if I don’t get a letter next week, I’m sure i’ll never get it. I’ll report the $300 total of promos anyway.

Thanks