I forgot to include the $2835 I made watching 2 kids for several months last year. I have to amend my return. how do I do so? Will I lose money on my return?

Forum|Forum|6 years ago
February 7, 2020
2 replies
12 views

No text available

TurboTax Deluxe Online

xmasbaby0

Level 15

You will have to pay self-employment tax for Social Security and Medicare for the babysitting. The person you babysat for is most likely claiming the childcare credit with your SSN or Tax ID, so the IRS will expect you to report that income.

Yes you have to amend---after your return has been fully processed.

The 1040X becomes available later in February, so you have to wait for it. If your return is still being processed now, it would not be a good idea to amend yet anyhow. Sending in an amended return while they are still processing your original return could cause confusion that would delay your refund for months.

Check back later for the 1040X. AFTER your return has been fully processed.

How do I amend my 2019 TurboTax Online return?

**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.**

linaj20201

Level 14

You will need to pay a self-employment tax which likely will make you pay back some of your refunds to the IRS. See the above information from xmasbaby0. As far as how you amend, please continue to read:

If you have already filed, you might not be able to go back to fix. You can return to the program to make corrections without amending only if your return is being rejected. If your return is accepted, to edit your information, you will have to amend it. You cannot just go back to edit.

If your return got rejected for any reason, you can return to the program/account to edit information along with other changes and re-submit it. For instructions, click here Fix a reject 2019. You do not need to file an amendment 1040-X.

If your return has been accepted, you will have to amend by filing a Form 1040-X. Click here for instructions Amend 2019. Please note that the 2019 Form 1040-X is not available until 2/12/2020. Please come back later. Also, be aware that you should not try to amend your return until it has been fully processed and you have received your refund or your payment has cleared. If by editing the information does not change the refund or amount you owe, you do not need to submit the amendment.

@haillebeauchamp