Question

Robinhood 1099

Forum|Forum|6 years ago
February 13, 2020
1 reply
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Hello everyone!

This is the first time I am filing taxes by myself and have ran into a bit of the situation.

I pulled out all my money from Robinhood during last year (under $50) due to me not wanting to deal with stocks anymore. I did not think I would be receiving a 1099 from them even though I pulled out with a loss.

After researching online, I found out that I have to report the stocks even if it is at a loss.

I have already turned in the 1040 through Turbotax and need to fill out the 1040X in order to get it amended.

Where would my stock 1099 form be calculated into in the form?

Please help me.

Amend

CatinaT1

If you filed, it is like dropping it into a mailbox - you cannot get it back.

You'll have to wait until your return is either accepted or rejected.

If rejected, you can make any necessary changes.
If accepted, you'll need to amend your return.
To avoid unnecessary delays, do not amend until your original return has been fully processed. You will need to print and mail the amendment.
Allow 8-12 weeks for processing.