Make sure you're checking the right place in Robinhood for your documents! This confused me last year. You need to go to Account > Statements & History > Tax Documents, not the Documents section. Some people miss this. Also, they release them in batches. Most basic forms come out in early February, but if you had any special situations (wash sales, corporate actions, etc.) your forms might be in the later batch that comes out in March.

I had a similar issue with Robinhood last year! One thing that helped me was checking if there were any corporate actions on stocks I owned - like stock splits, mergers, or spin-offs. These can delay the 1099-B processing significantly because they have to adjust the cost basis calculations. In the meantime, you can absolutely file without the official form. Go to your Robinhood account and download your year-end tax summary or export your transaction history as a CSV file. You'll need to calculate your gains/losses manually using Form 8949 and Schedule D. Just make sure to keep detailed records of your cost basis for each transaction. For the dividends, those should definitely show up on a 1099-DIV since you earned over $10. Sometimes Robinhood issues a "consolidated 1099" that combines different types of investment income - double-check that your crypto 1099-B doesn't have additional sections. The IRS gives you until April 15th to file, but brokerages have until March 15th for corrected forms, so there's still time for it to arrive. Just don't let it delay your filing if you can reconstruct the information from your account statements.

Has anyone used tax software for their estimated taxes after switching to self-employment? I'm trying to figure out if TurboTax or something else would help with this calculation or if I need to work with an actual accountant.

Great question! I went through this exact transition last year and it was definitely confusing at first. The key thing to understand is that the safe harbor rule applies to your TOTAL tax liability from the previous year, which includes both income tax and self-employment tax components. However, since you were a W2 employee in 2024, your prior year tax liability didn't include self-employment tax - only income tax and your employee portion of FICA. Now that you're self-employed, you'll owe the full self-employment tax (15.3% on net earnings up to the Social Security wage base). My advice: Use the safe harbor as your baseline protection against penalties, but definitely calculate what you'll actually owe based on your projected 2025 income. The self-employment tax alone can be a significant jump from what you paid as a W2 employee. I found it helpful to set aside about 25-30% of my gross self-employment income for taxes, which covered both income tax and self-employment tax comfortably. Also, don't forget you can deduct half of your self-employment tax as an adjustment to income, which helps reduce the overall burden somewhat. Good luck with your first year of self-employment!

Don't forget to check if your state requires filing too! I had zero federal income in 2020 but my state still required a return because I had received unemployment earlier in the year. Each state has different rules.

@Danielle Mays - You're getting great advice here! Just to add a few practical tips: Since you mentioned health issues in 2021, make sure to check if you had any health insurance marketplace coverage or received any advance premium tax credits. Even with zero income, you might need to reconcile those on Form 8962 if applicable. Also, gather any 1099s you might have received (even for small amounts like bank interest) since those would need to be reported. The IRS already has copies of these forms, so it's better to include them even if the amounts are minimal. One more thing - if you were claimed as a dependent on someone else's return in 2021 (like a parent or spouse), that would affect your filing requirements and stimulus eligibility. Make sure to clarify your dependency status for that year before filing. The good news is that with zero employment income, your return should be relatively straightforward once you determine if you actually need to file or if you're just filing to claim credits/refunds!

Welcome to the 846 club! Time to plan that shopping spree 💅

Code 846 is definitely the light at the end of the tunnel! I went through the same thing last year - transcript showed 846 but WMR was still stuck on "processing" for days. The transcript is always more accurate and up-to-date than WMR. Usually takes 1-5 business days after seeing 846 to hit your account. The disconnect between the two systems is super common, so don't stress about WMR not updating yet. You're almost there! 🎉

If its any consolation. I'm in the same boat. 2/19 DDD and SBTPG still says awaiting. Tax preparer said it could take a few more days because of high volume this year. They're processing millions of returns at once. Try to be patient even tho I know it sucks when your waiting on ur money.

I'm dealing with the exact same frustration! Had a 2/19 DDD and SBTPG has been stuck on "awaiting transfer" for a week now. It's so stressful when you're counting on that money. I've been checking my bank account obsessively but nothing yet. Reading through these comments though, it sounds like their system is just really behind this year and the website doesn't update in real time. Definitely going to pay upfront next year to avoid this middleman nightmare. Thanks everyone for sharing your experiences - at least I know I'm not alone in this!