I am writing to inquire about amending my previously filed tax return. I recently realized that I did not report my primary residence on the return. I have several questions regarding this matter:

Given that the IRS has already accepted my return, is it still necessary to file an amended return to report my primary residence?
What are the potential benefits of reporting my primary residence on an amended return? Specifically, am I likely to be eligible for deductions related to mortgage interest paid and a potentially higher refund amount?
I have attempted to complete Form 1040-X, Amended U.S. Individual Income Tax Return, using TurboTax software. However, I have not been able to find the option within the software to add the necessary information to report my primary residence. Could you please advise on how to properly report this information using TurboTax?

BrittanyS

The mortgage interest for your primary residence would only need to be added if you intend to itemize instead of taking the standard deduction. To itemize, your itemized deductions must exceed the follow numbers:

Single and Married Filing Separately taxpayers: $14,600
Married Filing Jointly taxpayers: $29,200
those file as Head of Household: $21,900

You can check whether itemizing will benefit you by following these steps when trying to amend your return:

Sign in to TurboTax
Select Deductions and Credits
Enter Mortgage Interest under Your home
Add any additional deductions

If your itemized deductions does not exceed the standard deductions above, you do not need to amend your return to add the primary residence mortgage interest.

@jayboy4u

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jayboy4u

@BrittanyS My main concern is the option to have my primary home listed on my 1040 filing. If I do go to the Deductions and credits I wouldn't get the option to list my new home. Can you help with the path to go to add my home?

Thanks

mglauner

You should list your Current Address in the Personal Info section, even if some of your documents have a different address.

Not sure what you mean by 'wouldn't get the option to list my new home' in the Deductions & Credits section. If you can clarify, we'll try to help.

@jayboy4u

IsabellaG

Employee

No, you would not report your 2024 interest and taxes on your 2025 tax return. You claim your expenses in the year that you pay them. I don't know why this year you didn't claim your interest and taxes when you have in prior years, but the only way to correct that is to file an amended return. It is possible that itemizing deductions on your federal return could affect your state tax return, but you would need to provide specific details, and be sure to enter your deductions carefully.

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