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Level 2
posted Mar 24, 2021 7:19:27 AM

Corrected 1099 form from Robinhood

I got a corrected 1099 form for 2020. I already filed my 2020 taxes, a week before I got the corrected form, which was accepted by the IRS. The only thing that changed was my short term capital gains that changed by $2.30. Do I need to amend my taxes?

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1 Replies
Expert Alumni
Mar 24, 2021 7:44:17 AM

As the change is de minimis, I would advise that it not necessary to amend your return.

 

It is unlikely that the IRS will send you a letter for such a small difference.