Skip to main content
March 13, 2022
Question

I received $26 in promotional stock on Webull which I sold. This amount was recorded as funds in line 3 in 1099-MISC form. How do I report this?

  • March 13, 2022
  • 1 reply
  • 0 views
I reported that I didn't purchase all stock on my 1099-b form and now it is saying that I need to edit any stock that I didn't purchase and sell on that form. Is this necessary? If so, how would I do this on Turbotax?

1 reply

March 13, 2022

You received the stock from your place of employment for work realized correct? They gave you a 1099 which you have to pay tax on. If this is the only stock in question, you do not have to report that you didn't purchase all of the stock on the form.