willh43
New Member

Amended tax return

Hi all,

 

Single filer here. I have already filed my 2024 tax return and I noticed that I forgot to report $267 in LT capital gains ($430 in proceeds) from cryptocurrency. My total income for 2024 is less than $40,000 so my long-term capital gain rate is 0%. Because I already filed, and I don't expect this new income to change my refund amount, do I need to file an amended return? The only thing an amended return would do (I think) is increase my reported income, but ultimately will not have an effect on the amount of refund I will receive from my original return. I filed my original return one week ago and expect to receive the refund in the next week or two. 

 

Thanks