Question

How do I transfer data from a previous year's amended return (that was amended not using TT)?

Forum|Forum|3 years ago
January 26, 2023
1 reply
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I amended my TurboTax return for 2021 using a CPA. Then, in order to make sure the data is in TurboTax, I went through the steps of amending the return without actually filing (trying to make sure the data is in TurboTax). However, when I start a new return for 2022, the amended data won't transfer over, just the original data. How do I get my amended return into TurboTax so the correct information gets transferred over for this year's return?

TurboTax Deluxe Online

VolvoGirl

Employee

Ok, how did you make the changes in Turbo Tax? Did you use the Online version or the Desktop program? What did you change on the Amended return? It may not affect 2022 or be needed.

P

phelix-gAuthor

I only used TurboTax online.

The change for 2021 was that I had expenses from an LLC partnership, which I claimed as deductions on my personal tax return under Schedule C, but then realized that because it is a partnership I should have filed Form 1065. I got that corrected and the 1065 filed and then amended my personal return so the deductions are reported correctly (with Schedule K I believe). This also changed my refund amount.

Does it matter if this information is not on my 2021 return in TurboTax if I want to do taxes with TurboTax for 2022?

M

Mike9241

i would start with transferring the data from Turbotax. was the partnership a passive activity or have a loss?

* if a passive activity and a loss the loss might not be deductible or limited. that would have to be fixed for 2022

also if a loss then passive or not there is likely a qualified business loss carryover that would need to be entered.

* it's possible other items in your return would need changing we can't see your returns so have no way of knowing all the effects of switching from schedule c to a partnership.