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February 16, 2021
Question

Do I need to amend my return?

  • February 16, 2021
  • 1 reply
  • 0 views
I had passive income from a website I wrote for in my PayPal that I wasn't aware of until after I already filed. The amount was around $50 and I didn't receive a 1099. Do I need to amend my return for an amount this small?

1 reply

Cass0317
February 19, 2021

Yes, any income should be reported. Since you have already e-filed your return, then you will need to wait until the IRS has accepted or rejected that return before you can make any changes. You can amend your return to make changes.

  • If they reject it, then you can make the needed changes and re-submit the return.  How do I fix a rejected return?

  • If they accept it, then you will need to wait until you have received your refund, if applicable, and then amend that return to make changes, if needed. Amended returns have to be printed and mailed in and take up to 16 weeks to be processed.   

If accepted, wait until you have received your refund or taxes due paid, then you can go here for instructions on amending your return. 

 

This article has some additional information to help also:

What Is Taxable Income?