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July 10, 2023
Question

Amended return

  • July 10, 2023
  • 1 reply
  • 0 views

I need to file an amended return.  I received a corrected 1099 B from a brokerage firm.  A bond was called and it was not on my original 1099.  How do I input this transaction?  

 

Another problem is that I reported a k-1 on my original submission.  Now I have found out that I have to report a k-3.  How do accomplish this task using the amended process?

    1 reply

    Critter-3
    July 11, 2023

    Start the amendment process  then revisit each income input section to add the sale and the K-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...

     

    To enter a K-1 go to 
    Federal Taxes Tab ( Personal in the H&B versions )
    Wages and Income
    Choose Explore on my own or I'll choose what to work on  (if it comes up)
    Then scroll way down to Business Items
     S-corps, Partnerships, and Trusts.  Schedules K-1, Q - Click the Start or Update button 

     

    To enter 1099-B sales : 

    • Federal Taxes tab.
    • Sub tab Wages & Income.
    • All Income.
    • Scroll down to Investment Income.
    • At subtopic Stocks, Bonds, Mutual Funds click START (or revisit).