El_Mero_Mero
All Star
Do I really need to include my M1-Finance Tax document with my 2019 taxes? I am 100% Robin Hood-focused now, and haven't used M1-Finance since February.
I looked at the tax document from them and it appears that when I subtract my Cost Basis from my Proceeds, I only made a profit of: $21.56.
I made under $30,000 for the year of 2019. Do I technically need to pay 10%-12% on that $21.56?
I'm just asking because my taxes are complicated enough as it is since I have multiple work 1099s and W2s. I'd rather not add new things like stock 1099s if I can avoid it.
I looked at the tax document from them and it appears that when I subtract my Cost Basis from my Proceeds, I only made a profit of: $21.56.
I made under $30,000 for the year of 2019. Do I technically need to pay 10%-12% on that $21.56?
I'm just asking because my taxes are complicated enough as it is since I have multiple work 1099s and W2s. I'd rather not add new things like stock 1099s if I can avoid it.