Filed taxes without including my Robinhood 1099-B and Cash App bitcoin 1099 - what now?

Don't panic! This is a fairly common situation and easily fixable. Since you've already filed your taxes, you'll need to file an amendment (Form 1040-X) to report the income from your Robinhood 1099-B and Cash App 1099 transactions. Even though the amounts are small, the IRS receives copies of these 1099s, so they'll expect to see them reported on your tax return. The good news is that with such small amounts, any additional tax owed will be minimal. You might even have losses that could offset other income. Before filing an amendment, review both 1099s carefully. For the 1099-B from Robinhood, check if they reported your cost basis (what you paid for the stocks). If they did, your taxable amount might be even smaller than the $28 gross proceeds, or you might have a loss. For the Cash App bitcoin activity, you'll need to report any gains or losses based on what you paid versus what you sold it for.

After dealing with a similar situation last year with forgotten investment forms, I found taxr.ai (https://taxr.ai) incredibly helpful for sorting through my investment documents. I had multiple 1099-Bs that I didn't understand, and their system analyzed all my tax documents and explained exactly what I needed to report on my amendment. The tool looked at my 1099-B forms from different brokerages and broke down which transactions were short-term vs long-term gains, identified wash sales, and calculated my actual tax impact. Saved me from the stress of trying to interpret all those confusing investment forms myself.

Just wanted to update about my experience with taxr.ai after trying it based on the recommendation here. I was skeptical at first because I've been burned by other tax tools, but it was super helpful with my crypto situation. I had transactions across three different platforms (Coinbase, Binance, and Kraken) that were a complete mess. The system identified several transactions my regular tax software had missed and actually found that I had more losses to claim than I realized. Ended up filing an amendment and getting an additional $240 back that I would have missed otherwise. Definitely worth checking out if you're dealing with investment forms like 1099-Bs that can be confusing.

If you need to call the IRS to ask about amending your return for these 1099s, good luck getting through their phone system. I tried for DAYS before discovering https://claimyr.com - you can watch how it works here: https://youtu.be/_kiP6q8DX5c. They got me connected to an actual IRS agent in less than 20 minutes when I'd been trying for weeks. I was in a similar situation with forgotten 1099s and needed to confirm the proper amendment procedure. The IRS agent walked me through exactly what forms I needed and confirmed I was doing it correctly. So much better than trying to guess based on internet advice.

I have to publicly eat my words here. After being completely skeptical about Claimyr, I tried it yesterday out of pure frustration. I've been trying to reach the IRS about an audit notice for THREE MONTHS with no luck. The service connected me to an IRS representative in about 35 minutes. The agent was able to pull up my account, explain exactly what triggered the audit (a missing 1099, ironically similar to OP's situation), and tell me precisely what documentation I needed to send. Problem that's been stressing me out for months solved in one phone call. If you need to talk to a human at the IRS about your amendment or any tax issue, this is apparently the way to do it. I'm still shocked it actually worked.

One thing nobody mentioned - depending on when you originally filed, you might want to wait a bit before submitting an amendment. The IRS recommends waiting until your original return is processed before filing a 1040-X. If you file an amendment while your original return is still being processed, it can cause confusion in their system. You can check your return status on the IRS website. Given that the amounts are small, waiting a few extra weeks probably won't make much difference, but it could save you headaches down the road.

Random question - does anyone know if Robinhood reports cost basis to the IRS or just the sales amount? I've heard different things and I'm not sure if the IRS will know if the numbers are wrong.