I would like to add info about new hvac and water heater purchased last year. Already filed for this year and it has been accepted.

Forum|Forum|2 years ago
February 10, 2024
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I didn't see anything related to adding info about the new hvac and water heater I had to purchase in 2023 (or I missed it) as I was originally doing my taxes online. I've already filed this past Weds (Feb 7th) and it was accepted soon after. (This is the Federal taxes I'm referring to and I believe I used the Deluxe version of Turbo Tax online.)

How do I go about adding that information and what information do I need in order to do it correctly? I've never had to do something like this before, so didn't/don't know where to start. I also am not sure if the things I purchased qualify.

I definitely don't want to mess anything up and get in trouble, but also don't want to pass up any advantage it might have for my taxes. I realize that I should have asked these questions before I filed, but .......

Thank you in advance for your help!

TurboTax Deluxe Online

Best answer by Critter-3

See this TurboTax support FAQ for amending a tax return - https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-return/amend-change-correct-return-a...

In TurboTax, open your tax return
Click on Federal in the left-hand column, then on Deductions & Credits on top of the screen
Scroll down to All Tax breaks, locate the section Your Home and click on Show more
Click Start next to Home Energy Credits
Follow the interview to enter your information.

xmasbaby0

Employee

Did you click that big orange button that said “Transmit my return now?” If you did that, you cannot do anything to fix it yet. You have to wait for the email that tells you if your return was accepted or rejected.

You cannot change or add anything on the return that you just e-filed, nor can you stop it. It is too late, just like when you put an envelope in a US mailbox on the corner. The IRS does not allow you to take it back.

If you left out a W-2, a 1099G, or a dependent, or a 1099 etc…DO NOT change your return while it is “pending.” The changes will go nowhere.

Now you have to wait until the IRS either rejects or accepts your return. If your return is rejected, you will be able to go into your account and make the necessary changes to your tax return and re-submit your return.

If the IRS accepts your return, however, then you have to wait longer until it has been fully processed and you have received your refund. THEN you can prepare an amended tax return and e-file or mail it in. You have to be able to work from that return exactly the way it was when it was e-filed originally. You will need to use a form called a 1040X.

Meanwhile, DO NOT go in and start changing anything on your return in the system, or you will make a mess for yourself. Sit tight and wait until you see what the IRS does with the return you just e-filed

The Form 1040X you might need becomes available in late February, But wait until your return has been processed.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

NorilanAuthor

Thank you for the information. I'm not worried about the tax form that I filed--everything related to that is correct to the best of my knowledge. I've used Turbo Tax online for numerous years--just have never had to or wanted to add anything afterwards.

This time, I just realized afterwards that I should have entered information about the HVAC (furnace/ac) and water heater that I had to purchase last year (and that it might be a benefit to do so). While filling in the information on the online Turbo Tax form, I was expecting to see a section like 'home improvements' (or similar) where I would be able to add the needed info--but didn't. Or just I plain missed it. In any case, if there might be an advantage to including those two items into my tax form (even an amended version) I am willing to try.

I'm assuming that once I've received the refund, I will be able to come back to the Turbo Tax website and use a linked form or similar to amend the filed form? In the meantime, what info will I need to have available in order to fill in the necessary section? What is the section I should be looking for?

Thank you again for your help!

Critter-3Answer

See this TurboTax support FAQ for amending a tax return - https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-return/amend-change-correct-return-a...

In TurboTax, open your tax return
Click on Federal in the left-hand column, then on Deductions & Credits on top of the screen
Scroll down to All Tax breaks, locate the section Your Home and click on Show more
Click Start next to Home Energy Credits
Follow the interview to enter your information.