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February 26, 2021
Question

Amend

  • February 26, 2021
  • 1 reply
  • 0 views

After filing taxes early, we noticed we had made an error on the Covid relief payment of $1200 we received in January of 2021 thinking that it was not 2020 income. We tried to submit an amendment but as it had not been accepted by IRS we were advised that we could not submit an amendment at that time. We did correct out mistake on our copy of Turbo Tax. It has been accepted by IRS but do we need to resubmit an amendment at this time or did this correct the amount on the original submission?

    1 reply

    MaryM428
    March 2, 2021

    Amendment will not be available until the IRS releases the 1040X form.  We expect that to happen in mid to late March.  When amendment is available, TurboTax makes that process easy to do.  Correcting your copy of TurboTax does not give the IRS the correct records.  You may receive the payment as part of your refund and then have to repay it when you amend.