I think you should report it.

The stock brokers only send you the list of stock (transactions). you need to do the calculation, I think. The $28 is interests, not gain, I think.

you need to report the realized gain/loss on schedule D
EVERY YEAR. In your case, the gain seems is "short capital gain"...



Every year financial institutions will send out 1099. There are several types
of 1099. The interest amount shows on 1099-INT, 1099-DIV shows dividends and
capital gain distributions (and foreign tax paid <--- usually happens when
you have EAFE mutual funds and ETFs) , 1099-Misc shows other activities which
gets complicated..



But you must have  1099-B when you receive the proceeds from the broker transactions.
Usually it only includes the 'gross proceeds".. It is your own responsibility
to record the adjusted cost basis (original purchase price, the purchase
commission you paid, the dividend reinvest which will increase the basis if it
is a MF or ETF etc) ,  so that you can report the realized gain/loss
properly.

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[此贴子已经被作者于2011/8/18 17:12:29编辑过]

I dont think so....

You should file 1040X. Please go to IRS site and read thoroughly 1040x instruction. ...