TurboTax

File with experts
File your taxes
Experts at your fingertips

An expert helps with your taxes, or does them for you
TurboTax Expert Full Service

TurboTax Expert Assist

TurboTax Self-Employed
Prior year taxes
File myself
File myself
Do it yourself

We'll guide you step-by-step
TurboTax Do It Yourself

TurboTax Self-Employed

TurboTax Desktop
TurboTax Free

Activate your product

Prior year taxes
Business
Business
Business taxes

Get your T2 corporate return done right, your way
TurboTax Business

TurboTax Business Desktop
Tax situations
Tax situations
Tax situations

Find extra guidance for your big life moves
For investors

For 25 and younger

For self-employed

For new to Canada

For life changes
Resources
Resources
Resources

Explore tax tools, get tips, and read reviews
Personal income tax calculator

RRSP savings calculator

Learning hub

TurboTax support (FAQ)

TurboTax community
Pricing

Level 2

Solved

Corrected 1099B - Small Dollar Amount

Forum|Forum|5 years ago
April 26, 2021
1 reply
10 views

I mailed my tax return in early April. It was a paper return due to an unsupported form. I just received a corrected 1099B. Foreign Tax Paid (Box 7) decreased by $4 dollars. Is this change significant enough to have to file an amended return? I cannot find any discussion of materiality requirements.

Not A Product Question

Best answer by DavidD66

I would not file an amended return for that. The IRS will get the corrected information as well. If they want to, they can propose a change to your return once it is processed, and notify you by mail of that change.

Level 15

I would not file an amended return for that. The IRS will get the corrected information as well. If they want to, they can propose a change to your return once it is processed, and notify you by mail of that change.

**Say "Thanks" by clicking the thumb icon in a post. **Mark the post that answers your question by clicking on "Mark as Best Answer"