topic Forgot Robinhood1099B in After you file

Forgot Robinhood1099B

kald1983 — Mon, 07 Jun 2021 18:00:05 GMT

Hello,

The missing 1099-B, I have added with amend tax return of 2020. The Gain is only $5.38 but my refund reduce to $7. I tried bot way manually and direct import from Robinhood.

Is there any calculation in software problem?

Thanks,

Kaushal

Re: Forgot Robinhood1099B

Mike9241 — Mon, 07 Jun 2021 19:37:28 GMT

in certain instances where the tax tables are used to calculate taxes, a small jump in income can result in a bigger jump in taxes

example: a single person with taxable income of 25049 amends and increases income to 25054. income goes up $5 taxes go up $6; 43749 to 43754 again income goes up $5 taxes go up $11