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July 17, 2021
Question

I want to amend my 2017 tax return as I was unaware that I need to declare all my cryptotrades but turbotax does not let me do it anymore, how can i amend it now

  • July 17, 2021
  • 1 reply
  • 0 views
I want to stay current with the IRS and was unaware that I had to declare every single trade especially since I never transferred money back into USD. However I now go to my tax returns on turbotax and it only lets me amend 2018, 2019 and 2020. How do I go about amending  2017 in turbotax - all data is there I just want to add the trades and send the 1040X. Any help how to go about it is appreciated.

1 reply

Critter-3
July 17, 2021

To amend a 2017 return you can either get the fill in  forms online from the IRS  OR  download, install, update the 2017 downloaded version.  If you had a state on the original return then it also must be installed and updated first ... then you can open the .tax2017 file and start the amendment process. 

 

How to amend (change or correct) a return you already filed

July 17, 2021

Yes I could download the 1040X but honestly need turbotax to compute the numbers and everything for me, I wouldn't know where to put what on the forms. Could you elaborate on what you mean with download, install and update the 2017 version? Is there a desktop-version of Turbotax somewhere (i'd need a link) that would allow me to open the .tax file and add the crypto CSVs to compute the numbes and spit out a 1040X form?!

Critter-3
July 17, 2021

 

 

See this TurboTax support FAQ for completing a prior year tax return originally started with the online editions - https://ttlc.intuit.com/community/prior-year-return/help/how-do-i-finish-a-prior-year-return-that-i-...