I got a 1099-B Tax form in the mail after I originally filed on my taxes because I thought I had all of my tax forms already. Before my adult god had pressing things of eighty seven cents and no federal tax with hell period do I need to amend my federal tax return to include this, or can I just leave it alone?
Since the amount is less than $1 then the tax should not change at all. However, if you had a loss on the stock, in other words if you had a higher cost basis than the proceeds you received, you could actually have a refund for overpayment of tax. Either way, keep the document for your records. The following will show you how to amend your tax return.
You will be able to access and file an amended return on approximately February 14th (Form 1040-X). Use the link here to check to see when available:
Be sure to read all the instructions carefully, before you begin, so that TurboTax knows the original numbers and the changed numbers for your amendment.