Should I file an amendment

Forum|Forum|1 day ago
September 30, 2026
5 replies
43 views

I filed my 2025 taxes in March of 2026. In late September of 2026, I received a corrected consolidated 1099 from JPMorgan Chase investments. The correction was to the short-term loses and the long-term gains. I opened my 2025 tax file in TurboTax desktop and proceeded to prepare the amendment. After i enter the changes to the short- and long-term sales, my federal tax due is $4. My question is do have file an amendment and mail my corrected 1099 (58 pages) to the IRS or can i wait for the IRS to send me a notice for the $4 due?

Thank you

AnnetteB6

Employee Tax Expert

Yes, you should file the amended return to match the information reported on your corrected consolidated 1099.

The IRS expects taxpayers to make corrections to their returns when information is received that causes a mismatch in the return that you already filed.

Even though your balance due only increased by $4, filing the amended return prevents potential penalties and interest from accruing. Since the IRS should have also received a copy of the corrected consolidated 1099, you should not need to include that paperwork with your amended return.

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NCperson

Level 15

just send the $4 and the amendment. I would NOT send the 58 pages. They are not going to care over $4.

raysim52Author

Level 4

Thanks for the response. While amending my taxes I edit my 1099-B with the corrected numbers TurboTax Premier instructions are “you'll need to mail a paper copy to the IRS.”

The cost, time, and hassle of preparing and mailing a paper Form 1040-X (plus the corrected 1099-B that TurboTax instructions “you'll need to mail a paper copy to the IRS” for $4.

Interest on $4 for a few months or even a year is pennies.

Someone suggested that I should wait and see if the IRS sends me their CP2000 notice. If they do mail it to me, once received I agree and pay the $4 (plus any tiny interest) at that point.

Mike9241

Level 15

no one can guarantee that the IRS will not pursue the $4, but it is unlikely since it costs the IRS significantly more than $4 to process the amended return which requires human intervention. Something similar happened to me - some years back - late 1099-B issued in November which was past the extended return deadline of 10/15. Recalculating, I owed less than $10. I didn’t amend and never hear peep from the IRS. The tax records for that year still show the account with no balance due and no changes to amount per return and amount reported to the IRS. There is no way to know if the IRS has any policy about amended return now showing a small balance due.

I do not know if there are free online tax apps that would allow you to e-file an amend return when the original was not done on their system

Mike9241