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July 6, 2024
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I am reviewing my 1040form, and I noticed that I put an IRA deduction, I mistook it for my 401k as I don’t have any IRA account. What should I do?

  • July 6, 2024
  • 1 reply
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Best answer by VolvoGirl

Did you file it yet?  You put down you made an IRA contribution on 1040 line 10 (from Schedule 1 line 20)?  If you already filed and it was Accepted or you mailed your return you will have to amend it.  You need to wait for it to be fully processed and you get the first refund. Then you can Amend.


How to Amend the current year
https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-return/amend-federal-tax-return-current-year/L7eS6o1qh_US_en_US?uid=lfunevhk

1 reply

VolvoGirl
VolvoGirlAnswer
Employee
July 6, 2024

Did you file it yet?  You put down you made an IRA contribution on 1040 line 10 (from Schedule 1 line 20)?  If you already filed and it was Accepted or you mailed your return you will have to amend it.  You need to wait for it to be fully processed and you get the first refund. Then you can Amend.


How to Amend the current year
https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-return/amend-federal-tax-return-current-year/L7eS6o1qh_US_en_US?uid=lfunevhk

July 6, 2024

Yes, I already filed it couple of months ago and got my refund. Do I just need to fill up new form? And  leave line 10 and line 20 blank? I also

put the same amount on form IT-201 line 18.

fanfare
Employee
July 6, 2024

You must use Form 1040X to add or correct information on a return already filed. that is the only way it can be done.

 

@cbbbb202d7f5