1099G unemployment

Forum|Forum|4 years ago
April 27, 2022
2 replies
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Can i just add my 1099g on next yr return ? Instead of ammending my refurn now?

Mike9241

Level 15

it's possible the IRS will catch the error and adjust your return automatically. if not do not file an amended return until the 2021 return is fully processed. then you'll have to amend 2021. you can't report a 2021 1099G on your 2022 return. if the IRS doesn't catch the omission immediately, it's likely it will be caught later on maybe even 2 years later. then you'll have to pay the additional taxes for 2021 + penalties and interest and then amend 2022 to remove the improperly reported 1099G

DoninGA

Level 15

No. Unemployment compensation received in 2021 must be entered only on a 2021 tax return.

An amended return, Form 1040-X, can only be printed and mailed to the IRS if the original tax return was not e-filed. The IRS will take up to 16 weeks or longer to process an amended tax return.

Before starting to amend the tax return, wait for the tax refund to be received or the taxes due to be paid and processed by the IRS.

See this TurboTax support FAQ for amending a 2021 return - https://ttlc.intuit.com/community/tax-return/help/how-do-i-amend-my-2021-return/00/2544441