turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Do I need to file 1099s that have all 0s ($0)?

I received a consolidated securities 1099 from Robinhood that includes a summary of several different 1099s (

SECTION 1256 CONTRACTS B, DIV, and MISC). Two of them read all $0. Do I/should I file these or does the all 0s mean there is nothing to report? Since I was sent this I just wanted to confirm that I wasn't required to file it either way. Thanks for the help!

Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

3 Replies
DavidD66
Expert Alumni

Do I need to file 1099s that have all 0s ($0)?

There is no reason to enter anything for the items with $0.  Any amount less than $0.50 will round down to zero, so no need to enter those either, if you have any.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Do I need to file 1099s that have all 0s ($0)?

Thanks! So if everything in a 1099-MISC reads $0 (for example) I wouldn't need to file that 1099-MISC at all on my return?

HelenC12
Expert Alumni

Do I need to file 1099s that have all 0s ($0)?

Yes, that's correct. If your 1099-MISC form is all zero's, you don't have to enter it on your tax return. 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies