Need to amend my tax forms

Forum|Forum|5 years ago
March 15, 2021
5 replies
23 views

Both the federal and state were e-filed and accepted. Today I received correct 1099INT, DIV and 1099B's from one of my institutions.

How do I amend? Obviously I made a copy and re-entered the corrected data and it makes a difference on both Federal and State. I have not sent the check to the state to pay what we owe. Federal we get money back.

How do I do this for e-filing? I see about a 1040X, not sure how I make these changes

HelenC12

Level 15

Wait for the IRS to finish processing your return. Once the IRS has finalized the 1040X form and your return, see How to amend (change or correct) a return you already filed?

At this time, you're not able to amend a 2020 income tax return. As of today,

it's estimated that the IRS will finalize the 1040X form on 3/25/2021. However check the forms availability to see any updates to that date.

Generally, Form 1040-X, Amended U.S. Individual Income Tax Return, must be filed within three years of the date the original return was filed, or within two years of the date the tax was paid, whichever is later.

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rkm3rkmAuthor

Level 2

Thank you, what do I do about the state forms to my state? Based on what I can see, I will end up having to pay less than before. I have not mailed anything yet to them

Thank you

JotikaT2

Alumni - Expert

It depends.

If you have filed your state returns electronically, you will also need to wait until the return is accepted.

You will then follow the same procedures to amend the state return.

As far as the state tax due, as it typically does take a while for the amended returns to be processed, I would recommend sending your payment in based upon your original return. Make sure you reflect this payment on your amended return. You will then be refunded for the difference and will avoid any potential late payment penalties that could occur if your amended return is not processed by the due date of the return as originally filed.

Steps for amending a tax return

Steps to amend a state tax return

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