So I didn’t notice that I got a 1099 from Robinhood for this year but I lost -$600. Does it matter that I didn’t report it? Forgot to report Robinhood 1099 byu/Wise-Scar-5175 intax Posted by Wise-Scar-5175
reneeb531 on April 23, 2026 6:16 pm Yes, the IRS will look at the proceeds of your sales/transactions as being 100% profit. You need to report it, report your cost basis, to show it was a net loss.
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Yes, the IRS will look at the proceeds of your sales/transactions as being 100% profit. You need to report it, report your cost basis, to show it was a net loss.