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Get your taxes done using TurboTax
Yes. Amend your tax return. IRS gets a copy of Form 1099-B will which show you owned and sold virtual currency.
You can amend your return with TurboTax, but it would be easier if the person who did your taxes did your amendment. To file an amended return in TurboTax, you’d first have to enter all your original info as if you are preparing a new return. Once everything matches, you can amend.
The crypto question on the front of Form 1040 should have been answered yes: “At any time during 2021, did you receive, sell, exchange, or otherwise dispose of any financial interest in any virtual currency?”
Schedule D should show the $11 loss (which is deductible) plus the cost and sale price from Form 1099-B.
April 26, 2022
7:18 AM