I already filed & received a refund, and am now filing an amended return.
On Form 1040-X, there is a a section "Part III: Explanation of Changes" with a paragraph-sized space of blank lines...
I'm wondering how specific, or general, to be here?
I made one large change worth ~$10k, and a handful of very small changes. Should I list everything I changed? Or just focus on the big one?
Any tips appreciated.
Thanks,
-Daniel
List every change, but you don't have to go into a lot of detail. State the form and line number that is affected, and give a very brief description of the change. One sentence is enough in most cases. A change that involves a large amount does not require a longer explanation.
For example:
List every change, but you don't have to go into a lot of detail. State the form and line number that is affected, and give a very brief description of the change. One sentence is enough in most cases. A change that involves a large amount does not require a longer explanation.
For example: