IRonMaN
Level 15
10-14-2021
09:00 AM
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But that's like saying you are going to ignore a 1099B with a million dollars of sales because it nets to a $1 loss. As mentioned above, some states may still tax the amount, not to mention that there are income limits on the $10,200 deduction. If someone thought the dollars were important enough to generate a 1099, you really want treat it like it really is important and report it on the return.
Slava Ukraini!